S&P places Citic on credit watch amid trading probe
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Beijing
STANDARD & Poor's placed China's largest brokerage Citic Securities Co on a credit watch list days after the firm said some employees including its president were being probed for alleged insider trading.
The rating firm currently rates the brokerage and its Citic Securities International Co unit at BBB+/A-2 and cnA+/cnA-1, S&P said in a statement on Thursday, as it placed the two on credit watch with negative implications. It said it doesn't expect any rating impact to be more than one level.
Share with us your feedback on BT's products and services
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
