(The following statement was released by the rating agency)
HONG KONG/SINGAPORE, June 29 (Fitch) High levels of indebtedness
in industrial
sectors facing overcapacity will remain a key risk for those
sectors and weighs
negatively on the operating environment for Chinese banks, says
Fitch Ratings.
Restructuring in highly leveraged sectors, such as steel, is
still in the early
stages, and more clarity around authorities' support for
counterparties and
which entities will receive priority cons
Read more
No comments:
Post a Comment