Asia
Fitch Affirms Taiyuan Iron & Steel's A- Rating
Fitch Ratings affirmed Taiyuan Iron & Steel's long-term foreign-currency issuer default rating at A-, with a stable outlook.Taiyuan Iron & Steel is rated one notch below its parent, China Baowu Steel Group, reflecting the "strong parent, weak subsidiary" dynamic under Fitch's parent and subsidiary linkage criteria, according to a Wednesday commentary.The stable outlook reflects the rating agency's expectation that the parent-subsidiary linkages will persist.
SHE:000825
