S&P revises Coami view

S&P said it revised the outlooks on the long-term issuer credit ratings on China Orient Asset Management Co. Ltd. and China Orient Asset Management (International) Holding Ltd. (Coami) to positive from stable.

The agency affirmed the BBB+ long-term and A-2 short-term issuer credit ratings on both companies and also affirmed the BBB+ issue rating on the senior unsecured debt and credit enhanced loan participation notes that Coami guarantees.

“The outlook revision reflects our view that China Orient's leverage will improve over the next 12-24 months following a planned capital infusion from strategic investors over the next month or two,” S&P said in a news release.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.