S&P assigns BBB+ to Citic notes

S&P said it assigned its BBB+ long-term issue rating to the planned sale of senior unsecured notes that Citic Securities International Co. Ltd. will guarantee.

The notes will be a drawdown from Citic subsidiary CSI MTN Ltd.’s medium-term note program.

The rating reflects Citic’s guarantee, the agency said.

The outlook is stable.

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