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Haitong Bank, S.A.
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Counterparty Credit Rating
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March 17, 2025 |
BB+/Stable/B |
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February 19, 2025 |
BB (on CreditWatch) / Developing / B |
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September 17, 2024 |
BB / Developing / B |
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January 25, 2023 |
BB / Stable / B |
On March 17, 2025, Standard & Poor’s (“S&P”) upgraded the Bank’s long-term credit rating to “BB+” from “BB” with a “Stable” outlook. The Bank’ short-term credit was affirmed at “B”.
The rating upgrade follows the materialization of the merger between Haitong Securities Co., Ltd. (“HTS”) and Guotai Junan Securities Co., Ltd. (“GTJA”), with GTJA assuming all the assets and liabilities of HTS. S&P considers that Haitong Bank will remain strategically important to the new group.
On February 19, 2025, S&P placed the 'BB' long-term issuer credit rating on Haitong Bank on CreditWatch with positive implications and affirmed the 'B' short-term issuer credit rating.