Fitch Affirms BBB+ Ratings of Weichai Power, With Stable Outlook

MT Newswires Live

Jul 23

Fitch Ratings affirmed Weichai Power's (SHE:000338, HKG:2338) long-term foreign-currency issuer default and senior unsecured rating at BBB+, with a stable outlook.

The ratings reflect the company's dominant position in China's heavy-duty truck engine and vehicle markets, supported by solid profitability and a strong net cash position, according to a Wednesday research note.

The rating agency views Weichai Power's expansion into higher-margin power-related businesses as credit positive, potentially supporting growth and improving end-market diversification.

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