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Rating

Standard & Poor's Rating Action

 Haitong Bank S.A. Counterparty Credit Rating
 February 8th, 2018 BB- / Stable / B

 

On February 8, 2018, S&P revised Haitong Bank’s outlook to stable from negative, and maintained its long- and short-term rating on BB- and B, respectively. S&P sees the potential for further creditworthiness deterioration as limited over the next 12 months. The stable outlook reflects S&P’s expectation that the bank’s revised strategy could form the basis of a more durable operating model, and potentially improve its financial profile.