Moody’s acts on Chinese securities firms

Moody’s Investors Service said it took actions on two Chinese securities firms.

Specifically, Moody’s said it upgraded the Huatai Securities Co. Ltd.’s long-term issuer rating to Baa1 from Baa2 and raised its stand-alone assessment to Baa3 from Ba1. The outlook is stable.

Also, Moody’s lifted Orient Securities Co. Ltd.’s long-term issuer rating and foreign-currency senior unsecured debt rating to Baa2 from Baa3 and raised its stand-alone assessment to Ba1 from Ba2. The outlook is stable.

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