A tax dispute facing Health and Happiness (H&H) International Holdings (HKG:1112) is not reason enough to lower its current rating, S&P Global Ratings said in a Thursday release.
The Hong Kong-based health and nutrition company is contesting a potential AU$407 million bill from the Australian Taxation Office and has not set aside funds for such an event, S&P said.
The rating agency holds a BB rating with a negative outlook on the company.
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