Zhuhai Huafa Put on Negative Watch by Fitch on Refinancing Risk

Fitch Ratings placed Zhuhai Huafa Group Co. on negative watch citing heightened refinancing risks following a selloff in the company's offshore bonds. Bloomberg reported that Chinese high-yield dollar bonds were heading for their worst week in more than a year amid signs of liquidity strains at the state-owned conglomerate.

• Bloomberg — Zhuhai Huafa Put on Negative Watch by Fitch on Refinancing Risk
• Bloomberg — Chinese Junk Dollar Bonds Head for Worst Week in a Year on Huafa

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