Referring to our recent story on JKH, Fitch says: ldblquote The report gives the impression that the meeting between JKH management and FRL analysts was related to impending rating decision with regard to the ldblquote Rating Watch
quote currently placed on the company
quote s SLAAA rating. Although lquote Rating Watch
quote does indicate the possibility of a change in the company
quote s Credit Rating, as stated in the report, the meeting referred to is, part of a routine monitoring exercise.
rnrnIn general, our process is such that we do not react to quarterly profit announcements as our rating actions are determined by our own continuous monitoring exercise and credit triggers/parameters.
rnrnWith regard to JKH, we will continue our monitoring of the company and announce the rating decision in due course.
rnrnOur reporter says: the article merely raised issues raised by market players on JKH
quote s credit rating following the company
quote s profit drop for the third consecutive quarters