S&P puts Hangzhou Hikvision on watch

S&P said it placed its A- long-term issuer credit rating on Hangzhou Hikvision Digital Technology Co. Ltd. (Hikvision) on CreditWatch with negative implications.

“The CreditWatch placement reflects our view that the recent addition of Hangzhou Hikvision Digital Technology Co. Ltd. (Hikvision) on the Entity List by the U.S. Department of Commerce could significantly impact the company's business operations and market standing,” S&P said in a news release

Entities on the list are prohibited from doing business with U.S. companies unless a license is granted on a case-by-case basis by the U.S. government.

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