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Global Green Chemicals’ ‘A-(tha)’ Rating Affirmed by Fitch; Ratings Withdrawn
Fitch Ratings has affirmed Global green Chemicals’ (GGC) National Long-Term Rating at ‘A-(tha)’ with a Negative Outlook, while together withdrawing the ratings for commercial reasons.
Fitch Ratings has announced the affirmation of Global Green Chemicals’ (GGC) National Long-Term Rating at ‘A-(tha)’. The outlook remains Negative.
concurrently, Fitch has withdrawn GGC’s National Long-Term Rating, National Short-Term Rating, and all of its outstanding National bond ratings.
According to the ratings agency, the withdrawals are due to commercial reasons.
Rating Action
The affirmation reflects Fitch’s assessment of GGC’s creditworthiness prior to the withdrawal. The ‘A-(tha)’ rating indicates expectations of low default risk relative to other issuers or obligations in the same country or monetary union. However, the Negative Outlook suggests a potential for downgrade.
The withdrawals are due to commercial reasons.
Fitch Ratings is a leading provider of credit ratings,commentary and research. Dedicated to providing value beyond the rating, Fitch Ratings provides self-reliant perspectives, clear insight, and credible, unbiased analysis. Fitch Ratings is dual-headquartered in New york and London.
