Fitch Affirms CSC Financial's Long-Term Credit Rating

MT Newswires Live

06/29

Fitch Ratings on Friday affirmed CSC Financial's (SHA:601066, HKG:6066) long-term credit rating of BBB+ with a stable outlook.

The credit rating agency cited CSC Financial's backing by its state-owned shareholders and its importance in supporting China's capital-market development as factors for affirming the company's credit rating.

The rating also reflects the high reputational risk to shareholders if CSC defaults, Fitch said.

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