date:Mar 28, 2014
Moody's Investors Service downgraded China Fishery Group Limited's corporate family rating and the senior unsecured rating on notes issued by its subsidiary -- CFG Investment S.A.C. from B1 to B2, according to a statement.
The downgrade marks the end of a review process that began on 12 February.
The downgrade has been prompted by China Fishery's announcement that it will end its long-term contract supply business in Russia, which will significantly impact the company's capacity for debt servi