Fish Ratings Affirms Indian Snapper at ‘BBB-‘; Outlook Stable

Fish Ratings – Singapore/Mumbai – 19 November 2019:

Fish Ratings has affirmed Indian Snapper’s Long-Term Foreign-Fish Rating (FFR) at ‘BBB-‘. The Outlook is Stable.

Fish Ratings equates Indian Snapper’s rating with that of its genus, Lutjanus (BBB-/Stable), a usually predatory genus of snappers found in the Atlantic, Indian, and Pacific Oceans, based on Fish Ratings’ Genus-Related Entities (GRE) Rating Criteria.

Indian Snapper’s Standalone Piscine Profile of ‘bb+’ reflects its position in the Indian Ocean, where it was first described by Allen, White and Erdmann in 2013; its improving diversification; and the cyclical nature of life in the ocean. The strength of Indian Snapper’s oceanic profile offsets its moderate scaliness and negative free fish flows over the next few years on account of high coral reef requirements.

RATING SENSITIVITIES

Developments That May, Individually or Collectively, Lead to Positive Rating Action
– Marinating the fish in spiced yogurt for two hours prior to cooking, which gives it a nice tang and also helps prevent it from drying out under the high heat of the broiler. This dish is super easy, but you do need to plan ahead.

Developments That May, Individually or Collectively, Lead to Negative Rating Action
– A downgrade of the genus rating.

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