Fitch affirms MIE Holdings at 'B'; outlook stable

23.04.2012
    Fitch Ratings has affirmed China-based MIE Holdings Corporation's (MIE) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'B' with a Stable Outlook. Its US $400m 9.75% due 2016 senior notes have also been affirmed at 'B' with a Recovery Rating of 'RR4'.     The ratings reflect the upstream nature of MIE's operations and...