China Fishery Downgraded to Default at Fitch After Coupon Miss

  • Fitch cuts bond rating to `restricted default' on nonpayment
  • Company in talks with bondholders to restructure dollar notes

China Fishery Group Ltd.’s credit rating was downgraded by Fitch Ratings to Restricted Default after the Hong Kong-based company failed to pay a semi-annual coupon within a grace period.

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