S&P assigns BBB to Haitong International bonds

Standard & Poor’s said it assigned its BBB long-term foreign currency issue rating to a proposed issuance of euro-denominated bonds by Haitong International Finance Holdings 2015 Ltd.

S&P also assigned a cnA long-term Greater China regional scale rating to the bonds.

Haitong International Finance Holdings 2015 is a special purpose company that Haitong Securities Co. Ltd. (Haitong: BBB/stable/A-2; cnA/cnA-2) ultimately wholly owns. Haitong’s obligations under the guarantee rank equally with all its other unsecured and unsubordinated obligations, except for certain obligations that require to be preferred by law.

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