China's CEFC Shanghai International downgraded after its bond trade is suspended
Key Chinese credit ratings agency pushes company's long-term issuer rating from AAA to AA+
Shanghai
A MAJOR Chinese credit ratings agency downgraded CEFC Shanghai International Group on Friday, a day after the company suspended trading in its bonds on the back of media reports of a probe into the chairman of its parent company.
China Lianhe Credit Rating Co. said in a statement that it had downgraded CEFC Shanghai International's long-term issuer rating one notch fr…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments
Hong Kong regulator to probe PwC auditing role over Evergrande