Fitch Ratings: Confirms Shandong Development Group's "A-" long-term foreign currency issuer rating outlook as "stable"

On May 27, Fitch Ratings confirmed that Chinese company Shandong Development & Investment Holding Group Co., Ltd. (referred to as "Shandong Development Group") has a long-term foreign currency and local currency issuer default rating (IDR) of "A-". The outlook is stable. Fitch also confirmed the guaranteed senior unsecured notes issued by Hanhui International Limited, a subsidiary of Shandong Development Group holding 98.23%, at "A-". These notes are guaranteed by Shandong Development Group unconditionally and irrevocably.