Company Briefs

China Fishery can meet higher financing needs

CHINA Fishery Group, the subsidiary of frozen fish supplier Pacific Andes Resources Development, has enough liquidity to manage higher financing needs this year despite a recent acquisition, said Fitch Ratings. This is because of continued bank support and likely higher operating cash-flow generation, said Fitch. The ratings agency has a negative outlook on the company, which it rates as a BB-, or speculative grade. China Fishery acquired Per…