Edition:
India

West China Cement Ltd (2233.HK)

2233.HK on Hong Kong Stock

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Tue, Aug 22 2017

Fitch Upgrades West China Cement to 'BB-', Outlook Stable

(The following statement was released by the rating agency) SHANGHAI/HONG KONG/SINGAPORE, August 22 (Fitch) Fitch Ratings has upgraded West China Cement Limited's (WCC) Long-Term Issuer Default Rating (IDR) and senior unsecured rating to 'BB-' from 'B+'. The Outlook on the IDR is Stable. A full list of rating actions is at the end of this release. The upgrade is driven by significant improvement in WCC's financial profile, as evident in a substantial decrease in net leverage and return to positi

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