Shandong Helon Loses Investment-Grade Rating at China Lianhe
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Shandong Helon Co. lost its investment-grade credit rating from China Lianhe Credit Rating Co., one of the nation’s largest credit rating companies.
Lianhe cut its assessment for the maker of fiber and yarns to BB+, its highest non-investment ranking, by four steps from A-, the rating company said in a statement yesterday. It maintained its negative outlook on the company.