(The following statement was released by the rating agency)
HONG KONG, December 02 (Fitch) Fitch Ratings has affirmed
China-based Baidu,
Inc.'s (Baidu) Long-Term Foreign- and Local-Currency Issuer
Default Ratings
(IDRs) of 'A' and foreign-currency senior unsecured rating of
'A'. The Outlook
is Stable. A full list of rating action is at the end of this
commentary.
KEY RATING DRIVERS
Leading Market Position: Baidu's ratings benefit from its
dominant market
position in China's internet search e
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