EconomyChina’s Huafa drops domestic AAA rating after Fitch downgrade rattles bond market
Heavily indebted state-owned Zhuhai Huafa Group voluntarily ended its engagement with a major domestic credit assessor, prompting the withdrawal of its AAA rating after Fitch downgraded the firm. Huafa’s recent troubles had unsettled China’s bond market.
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South China Morning Post★★★☆☆2026-11-12 08:00Original
China’s Huafa drops domestic AAA rating after Fitch downgrade rattles bond market
Economy