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Prospect News home > News index > List of issuers C > Headlines for CITIC Resources Holdings Ltd. > News item
Published on 3/18/2020 in the Prospect News Emerging Markets Daily.

S&P revises Citic Resources view to stable

S&P said it revised the outlook for Citic Resources Holdings Ltd. to stable from positive and affirmed the company’s BB- rating.

The stable outlook reflects S&P’s expectation Citic Resources’ leverage will remain high amid low oil prices. It also reflects the view the company will continue to receive strong ongoing and extraordinary support from its parent Citic Group Corp. over the next 12-24 months.


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