(The following statement was released by the rating agency) Dec 04 – Overview — We believe China Fishery’s contract supply business in Russia is now subject to higher regulatory risk. — In our opinion, any unfavorable outcome for the company’s contract supply business could negatively affect its financial flexibility and access to capital markets. — We are therefore revising our rating outlook on China Fishery to negative from stable. As a result, we are also lowering our Greater China regional scale rating on China Fishery and the company’s notes to ‘cnBB-’ from ‘cnBB’. …
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