China Huarong's Recent Concerns and Future Worries

HONG KONG, June 30, 2021 - (ACN Newswire) - (This article is reprinted from Gelonghui) Since China Huarong announced the postponement of its 2020 results, several international rating agencies have downgraded its corporate and bond ratings. On June 2, S&P Global Ratings announced that it would continue to keep its "BBB+" long-term and "A-2" short-term issuer credit ratings on China Huarong Asset Management Co. Ltd. (CHAMC) and its subsidiaries, China Huarong Financial Leasing Co. Ltd. (HRFL) and China Huarong International Holdings Ltd. (Huarong International) on CreditWatch with negative implications; The "BBB+" long-term issue rating on the notes that Huarong International guarantees also remained on CreditWatch with negative implications.

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