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Pacific Andes

Moody’s: China Fishery at high risk of default with lower Peru anchovy quota

Cut in anchovy quota in Peru will mean China Fishery's ebitda could dive as much as 58% to $100m, meaning a downgrade from Moody's

By Undercurrent News | Nov. 10, 2015 18:32 GMT
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Moody's Investors Service has downgraded Pacific Andes International-owned China Fishery Group's corporate family rating and the rating on the senior unsecured bond issued by its subsidiary -- CFG Investment S.A.C. -- and guaranteed by China Fishery. [...]

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