Wednesday, 30 June 2021, 3:53 pm
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