Fitch Ratings upgrades LT Int. Scale (local curr.) credit rating of Wanhua Chemical Group to "BBB" from "BBB-"; outlook stable

June 15, 2017 - CBonds

 

Fitch Ratings upgraded to "BBB" from "BBB-" the LT Int. Scale (local curr.) credit rating of Wanhua Chemical Group on June 14, 2017. The outlook is stable.
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Issuer: Wanhua Chemical Group
Issuer profile:
The main business of Wanhua Chemical is the R&D, production and sales of PU series products, like isocyanates and polyols; series petrochemical products, such as PO/AE; water-based coatings and other... more
Outstanding issues:
1 issuesCNY1,000,000,000
Issuer rating:
Moody's Investors ServiceBaa3/StableLT- foreign currency03/30/2017
Moody's Investors ServiceBaa3/StableLT- local currency03/30/2017
S&P Global RatingsBBB-/StableForeign Currency LT03/30/2017
S&P Global RatingsBBB-/StableLocal Currency LT03/30/2017
Fitch RatingsBBB/StableLT Int. Scale (foreign curr.)06/14/2017
Fitch RatingsBBB/StableLT Int. Scale (local curr.)06/14/2017