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+
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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 from AAA to AA+, and would be placing the company on a watchlist.
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