Fitch Ratings announces China to have a stable prosperous

Fitch Ratings said on Friday to lower the issuer default rating of long-term foreign currency and local currency of Aluminium Corperation of China (Chalco) to BBB+ from A-, and meanwhile recommend that of short-term foreign currency and local currency to F2, in stable prosperous.

Lowering of the ratings indicated the fiscal state of Chalco is deteriorating by high expenditure level, while the stable prosperous rating takes into consider of the strong liquidity of Chalco.

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