Fitch: Downgrades Baidu Group (09888.HK) long-term issuer rating to "A-", outlook "Stable"

On August 13, Fitch downgraded the Long-Term Issuer Default Rating (IDR) of Baidu Group (Baidu, Inc., referred to as "Baidu Group," 09888.HK, BIDU.US) and the ratings of its outstanding bonds from "A" to "A-." The outlook is stable.