date:Mar 28, 2014
China Fishery has indicated it plans to make up the loss through contributions from Peruvian fishmeal and fish oil company Copeinca, which it acquired in 2013, but that appears to have hurt and not helped the company's ratings. Moody's estimated that the Russian supply business was more profitable for China Fishery than fishmeal.
The downgrade is further based on the consideration that China Fishery's earnings will become mainly reliant on the fish meal business and will experience a decline i