S&P Global Ratings has given a BBB+ long-term foreign currency issue rating to Guotai Junan International Holdings' (HKG:1788) proposed US dollar floating-rate notes, according to a Tuesday release.

The notes' rating is equivalent to the Hong Kong-based securities company's long-term issuer credit rating, as they serve as the issuer's direct, unconditional, unsubordinated, and unsecured obligations.

They also rank equally at all times with other senior unsecured obligations.

S&P views the issuer as a core subsidiary of Guotai Haitong Securities.