Fitch Affirms AVIC Innovation Holding at ‘A-’ With Stable Outlook
Fitch Ratings, one of the world’s major credit rating agencies, has affirmed the ‘A-’ Long-Term Issuer Default Ratings (IDRs) for AVIC Innovation Holding, a major Chinese aerospace conglomerate. The ratings apply to both the foreign- and local-currency IDRs and reflect the company’s robust credit profile. The Outlook remains Stable, indicating that Fitch does not expect any immediate changes in…