China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable - S&P Global Ratings’ Credit Research

China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable

China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable - S&P Global Ratings’ Credit Research
China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable
Published Jul 04, 2014
1832 words — Published Jul 04, 2014
Price US$ 150.00  |  Buy this Report Now

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Abstract:

We assess China Huarong's SACP to be 'bb+' and believe that there is a "very high" likelihood that the government of China may extend extraordinary financial support to the company, if needed. We are assigning our 'A-' long-term and 'A-2' short-term issuer credit ratings to the China-based finance company. We are also assigning our 'cnAA' long-term and 'cnA-1' short-term Greater China regional scale ratings to China Huarong. The stable outlook reflects our view that China Huarong will maintain its "very important" role and "very strong" link with the Chinese government and its financial profile and market position over the next 24 months. SYDNEY (Standard&Poor's) July 4, 2014--Standard&Poor's Ratings Services said today that it had assigned its

  
Brief Excerpt:

RESEARCH China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable Publication date: 04-Jul-2014 Primary Credit Analyst: Harry Hu, CFA, Sydney (61) 2-9255-9859; harry.hu@standardandpoors.com...

  
Report Type:

Ratings Action

Issuer
China Huarong Asset Management Co. Ltd.
Sector
Global Issuers
Country
China
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable" Jul 04, 2014. Alacra Store. May 20, 2025. <http://www.alacrastore.com/s-and-p-credit-research/China-Huarong-Asset-Management-Co-Ltd-Assigned-A-A-2-And-cnAA-cnA-1-Ratings-Outlook-Stable-1342270>
  
APA:
S&P Global Ratings’ Credit Research. (). China Huarong Asset Management Co. Ltd. Assigned 'A-/A-2' And 'cnAA/cnA-1' Ratings, Outlook Stable Jul 04, 2014. New York, NY: Alacra Store. Retrieved May 20, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/China-Huarong-Asset-Management-Co-Ltd-Assigned-A-A-2-And-cnAA-cnA-1-Ratings-Outlook-Stable-1342270>
  
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