Fitch Ratings on Monday affirmed Haidilao International's (HKG:6862) long-term foreign-currency issuer default rating of BBB with a stable outlook.
The credit rating agency also affirmed the company's senior unsecured rating at BBB, reflecting the Chinese hot pot restaurant chain's "strong" market position and "resilient" operating performance amid weak consumer demand and intense competition, Fitch Ratings said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments