trending Market Intelligence /marketintelligence/en/news-insights/trending/NQOm4wnnV6tyGgckJkG2GQ2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

S&P downgrades rating of Guangzhou Industrial Investment Fund Management

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

Talking Bank Stocks, Playing The M&A Trade With Longtime Investor

Report: Kashkari Says Fed In Holding Pattern But Rate Cut Still Possible


S&P downgrades rating of Guangzhou Industrial Investment Fund Management

S&P Global Ratings downgraded the long-term issuer credit rating of Guangzhou Industrial Investment Fund Management Co. Ltd. to BBB from BBB+, with a stable outlook.

The rating agency said Dec. 17 that it also affirmed the company's A-2 short-term issuer credit rating.

The rating downgrade reflects the belief that the company's linkage with the Guangzhou municipal government has weakened. Ratings believes the company's lower-tier government ownership structure decreases the likelihood of extraordinary government support.

Meanwhile, the stable outlook reflects the agency's view that Guangzhou Industrial Investment Fund Management will remain a government-related entity with a very high likelihood of support from the Guangzhou government.

The rating agency also expects the company to maintain intermediate leverage over the next 12 to 24 months.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global. Descriptions in this news article were not prepared by S&P Global Ratings.The original S&P Global Ratings document referred to in this news brief can be found here.