HONG KONG (Standard&Poor's) Oct. 28 2015--Standard&Poor's Ratings Services said today that its rating and outlook on China Huarong Asset Management Co. Ltd. (China Huarong: A-/Stable/A-2; cnAA/cnA-1) are not affected by the company's IPO. Accordingly the rating and outlook on China Huarong's highly strategic subsidiary Huarong (HK) International Holdings Ltd. (Huarong HK: BBB+/Stable/A-2; cnA+/cnA-1) are also not affected. In our view, the capital raised from China Huarong's US$2.3 billion IPO is positive for the company's credit profile and supportive of its growth plans, particularly around its core distressed asset management business. Nevertheless, we continue to expect China Huarong's capital and earnings to remain moderate over the next two years, taking into account the high loan growth, particularly
