Fitch: Affirms Cixi State-Owned Investment's "BBB" Long-Term Foreign and Local Currency Issuer Rating, Outlook "Stable"

On September 29, Fitch confirmed the "BBB" long-term foreign currency and local currency Issuer Default Rating (IDR) of Cixi State-owned Assets Investment Holding Co., Ltd. ("Cixi State-owned Investment"). The outlook is "Stable." Fitch also confirmed that the ratings for the US dollar notes directly issued by Cixi State-owned Investment and the notes issued by its wholly-owned subsidiary Cixi State-owned Assets Overseas Development Company Limited, unconditionally and irrevocably guaranteed by Cixi State-owned Investment, are both 'BBB'.