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Rating

S&P reaffirmed Haitong Bank's rating and revised the outlook

 Haitong Bank, S.A. Counterparty Credit Rating

September 17, 2024

BB / Developing / B

February 9, 2024

BB / Negative / B

January 25, 2023

BB / Stable / B

 

On September 17, 2024, Standard & Poor's revised the Bank’s outlook to "Developing" from "Negative". The Bank's long-term and short-term credit ratings were reaffirmed at “BB” and “B”, respectively.

The revision in the outlook followed a similar action on the parent company’s rating, in light of the potential merger between Haitong Securities Co. Ltd. and Guotai Junan Securities Co. Ltd., as announced on September 5th, 2024.