S&P rates Guotai Junan BBB

Standard & Poor’s said it assigned a BBB long-term issuer credit rating and A-2 short-term issuer credit rating to Guotai Junan Securities Co. Ltd.

The agency also said it assigned a cnA long-term and cnA-2 short-term Greater China regional scale ratings to the company.

The outlook is stable.

The ratings reflect the company’s BBB- stand-alone credit profile and a moderately high likelihood of extraordinary financial support from Shanghai municipal government in case of need, S&P said.

The ratings also consider the company’s No. 3 market position with strong business stability, solid capital buffer and prudent risk management, the agency said.

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