OREANDA-NEWS. Fitch Ratings says today that the impact of investigations into China Fishery Group Limited (China Fishery; B+/Stable) by regulators in Singapore and Hong Kong is not yet clear, and more information will be needed to assess how the probes will affect its ratings. China Fishery has also said that its business and operations are not affected by the investigations and will continue as normal.

On 20 August 2015, China Fishery received two notices from Monetary Authority of Singapore (MAS) and Singapore's Commercial Affairs Department (CAD) about an investigation into an offence under the Securities and Futures Act. The probe relates to dealings with a trading party since 1 October 2011.

At the same time, Pacific Andes Resources Development Limited (PARD), which owns 70.5% of China Fishery, has also received separate notices from MAS and CAD to provide information and documents related to this investigation. PARD's parent Pacific Andres International Holdings Limited, also received an investigation notice from Hong Kong's Securities and Futures Commission on 18 August 2015.

Fitch will closely monitor the situation and will review the credit when more information is available.