OREANDA-NEWS. Fitch Ratings has affirmed Power Construction Corporation of China's (PCCC) Long-Term Foreign-Currency Issuer Default Rating (IDR) and senior unsecured rating at 'A-'. The Outlook on the IDR is Stable.

In line with the top-down approach in its Parent and Subsidiary Linkage rating criteria, Fitch has notched the IDR two levels below China's Long-Term IDR of 'A+' with Stable Outlook to reflect PCCC's strong operational and strategic ties with central government through its 100% parent, the State-owned Assets Supervision and Administration Commission (SASAC). The Stable Outlook reflects Fitch's expectation of continued state support for PCCC.