Edition:
India

Hengdeli Holdings Ltd (3389.HK)

3389.HK on Hong Kong Stock

0.38HKD
10:48am IST
Change (% chg)

HK$0.00 (+0.00%)
Prev Close
HK$0.38
Open
HK$0.38
Day's High
HK$0.39
Day's Low
HK$0.38
Volume
528,000
Avg. Vol
11,844,689
52-wk High
HK$1.29
52-wk Low
HK$0.37

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Wed, Jul 26 2017

Fitch Downgrades Hengdeli to 'B-'/Stable; Off Rating Watch

(The following statement was released by the rating agency) HONG KONG, July 26 (Fitch) Fitch Ratings has downgraded Hengdeli Holdings Limited's (Hengdeli) Long-Term Issuer Default Rating (IDR) to 'B-' from 'B+' with a Stable Outlook. The rating has been removed from Rating Watch Negative. The senior unsecured rating has been withdrawn as the 2018 notes were repaid early. The downgrade reflects the loss of Hengdeli's position as the market leader in the retailing of Swiss watches in China and a s

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