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.