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Fitch Affirms Sinochem's A Rating, With Stable Outlook

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Fitch Ratings affirmed Sinochem Corp.'s long-term issuer default and senior unsecured ratings at A, with a stable outlook.

The ratings reflect the rating agency's assessment of "high" strategic and operational incentives from ultimate parent Sinochem Holdings, which is wholly owned by the Chinese central government, according to a Wednesday research note.

Fitch also affirmed subsidiary Sinochem HK's long-term issuer default and senior unsecured ratings at A-.

Sinochem Corp. is the parent of Sinochem International (SHA:600500).

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