(Beijing News) The Fitch of the International Credit Institution is concerned about the financial status of the four state -owned asset management companies in China, and it is expected that government support will be reduced, so they will reduce their breach of contract rating.
According to the news released on Wednesday (January 3) on Wednesday (January 3), Fitch rated China Cinda Asset Management and the issuer of China Oriental Asset Management from "A" to "A-"; China HuarongThe issuer of the issuer of asset management and the Great Wall asset management of China is lowered from "BBB+" to "BBB".
Fitch Evaluation of China Cinda's rating outlook is "stable", and the remaining three asset management companies are included in negative observations, waiting for financial data at the end of 2023 to evaluate any further financial deterioration or the government's tendency to support support.
Fitch believes that due to the influence of poor financial performance, capital constraints, and government support, these companies have the ability to purchase non -performing assets.
Another rating agency Moody's decreased the Chinese rating last month, and listed China Cinda and Oriental in China to the rating list.
