Singapore's GIC buys 49% Fitch stake in China Lianhe Credit Rating

Singapore's GIC buys 49% Fitch stake in China Lianhe Credit Rating

Traffic travels along the Second Ring Road in Beijing, China, on Wednesday, Dec. 2, 2015. Photographer: Qilai Shen/Bloomberg

Singapore’s GIC has made a strategic investment in China Lianhe Credit Rating Co., Ltd (Lianhe Ratings) in a deal that saw credit rating agency Fitch Ratings offload its 49 per cent stake in the latter in favour of the city-state’s sovereign wealth fund, according to a media release.

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