# China’s Huafa drops domestic AAA rating after Fitch downgrade rattles bond market

https://mins.news/en/item/140232

- South China Morning Post, 2026-11-12 08:00 UTC
- Economy
- Original: https://www.scmp.com/economy/article/3374180/chinas-huafa-abandons-domestic-aaa-rating-amid-fitch-downgrade-bond-market-jitters

> 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.