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Pacific Andes

S&P downgrades China Fishery to default with cash being conserved for Peru fishing

Ratings agency says company may need to reserve all available cash to fund its fishing operations in Peru

By Undercurrent News | Feb. 1, 2016 17:31 GMT
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Pelagic fishing vessel Polar Amaroq GR 18-49 in Icelandic waters. Credit: Johann Ragnarsson / Shutterstock.com
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Standard & Poor's Ratings Services has cut its rating for China Fishery Group to ‘D’, or default, after the company missed a coupon payment on the $300 million senior unsecured notes due 2019 [...]

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