BEIJING, Sept. 5 (InfoChina) – Fitch has given a “B+” rating and stable outlook on China Eastern (NYSE: CEA, HK: 0670, SH: 600115), believing that CEA will benefit from tie-up with SIA from a financial perspective in the short term but longer-term operational benefits are dependent on what SIA can bring to CEA.
Operational improvement for China Eastern will take time and is dependent on a large extent on its organizational flexibility, according to Fitch’s Li Jinqing.
“SIA’s equity injection is expected to improve CEA’s financial leverage by paying off CEA’s debt and SIA may bring CEA best practices in terms of daily operation, staff training and IT systems, given that CEA’s organizational structure is flexible enough to accept such changes,” said Li. (Edited by Lin Fanjing,
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China Stock News 
