Singapore

RATING agency Fitch Ratings said yesterday that the current BB- rating with a negative outlook on China Fishery Group will not be affected by its latest exercise to change the terms of its US$250 million 9 per cent Copeinca senior notes due 2017.

China Fishery is a subsidiary of frozen fish supplier Pacific Andes Resources Development. Last year, it acquired Copeinca, Peru's second-largest fishing company.