Metallurgical Corporation of China Ltd (1618.HK)
18 May 2018
JAKARTA, May 16 Indonesian business tycoon Hary Tanoesoedibjo confirmed on Wednesday his company had chosen a subsidiary of a Chinese state-owned construction firm to build a theme park at a luxury resort in West Java, but said he had not signed any loan deal with China for the project.
(The following statement was released by the rating agency) HONG KONG/SHANGHAI, December 18 (Fitch) Fitch Ratings has upgraded China Metallurgical Group Corporation's (CMGC) Long-Term Issuer Default Rating (IDR) and its senior unsecured rating to 'BBB+', from 'BBB'. The Outlook on the IDR is Stable. At the same time, Fitch has upgraded CMGC's 59.18% owned subsidiary's - Metallurgical Corporation of China Limited (MCC) - Long-Term IDR and senior unsecured rating to 'BBB+' from 'BBB'. The Outlook