Moody’s affirms Orient Securities

Moody's Investors Service said it affirmed Orient Securities Co. Ltd.'s Baa3 long-term issuer rating, Baa3 senior unsecured rating and P-3 short-term issuer rating.

Moody's also affirmed Orient Securities' provisional Baa3 senior unsecured rating.

At the same time, Moody's affirmed the Baa3 rating on Orient HuiZhi Ltd.'s senior unsecured long-term notes guaranteed by Orient Securities.

The outlooks are stable.

The agency said the affirmation reflects Orient Securities' standalone assessment at Ba2 and Moody's continued expectation for a high level of affiliate support from Shenergy (Group) Co., Ltd. (A1, stable) as well as a high level of support from China (A1, stable) in times of stress.

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