Fitch Affirms Haidilao's Long-term Credit Rating

MT Newswires Live

06/30

Fitch Ratings on Monday affirmed Haidilao International's (HKG:6862) long-term foreign-currency issuer default rating of BBB with a stable outlook.

The credit rating agency also affirmed the company's senior unsecured rating at BBB, reflecting the Chinese hot pot restaurant chain's "strong" market position and "resilient" operating performance amid weak consumer demand and intense competition, Fitch Ratings said.

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