Fitch lowers HAGL’s outlook to ‘negative’
Fitch Ratings has downgraded the outlook of Hoang Anh Gia Lai Joint Stock Company (HAGL) to ‘negative’ from ‘stable’.
Accordingly, the company’s long-term foreign and local currency issuer default ratings (IDRs) have been affirmed at ‘B’.
The rating agency has also lowered HAGL’s senior unsecured rating to ‘B-‘ from ‘B’.
Besides, the Recovery Rating of the company has been revised to ‘RR5’ from ‘RR4’.
Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through objective and balanced credit opinions, research and data.
What the stars mean:
★ Poor ★ ★ Promising ★★★ Good ★★★★ Very good ★★★★★ Exceptional
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