Moody’s affirms Guotai Junan

Moody's Investors Service said it affirmed the Baa1 long-term and P-2 short-term issuer ratings of Guotai Junan Securities Co., Ltd. and maintained its standalone assessment at Ba1.

The outlook is stable.

The agency said the affirmation takes into account the firm's reduced leverage and strong franchise despite challenging market conditions.

In addition, the affirmation considers that the firm will continue to enjoy a very high level of support from China (A1 stable) due to its government ownership and leading position in the sector, Moody’s added.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.