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Published on 10/10/2019 in the Prospect News Emerging Markets Daily.

S&P raises Haitong Bank

S&P said it raised the long-term rating on Haitong Bank SA to BB from BB-.

“The upgrade reflects our view that Haitong Bank has continued to strengthen its solvency and is making progress in de-risking its balance sheet,” said S&P in a press release.

The outlook is stable.


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