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Prospect News home > News index > List of issuers C > Headlines for China Galaxy Securities Co., Ltd. > News item |
S&P gives China Galaxy, unit BBB
S&P said it gave its BBB long-term issuer credit ratings to China Galaxy Securities Co. Ltd. (Galaxy) and its core subsidiary, China Galaxy International Financial Holdings.
“The ratings on Galaxy reflect our assessment of its stand-alone credit profile (SACP) at bbb- and our view that there is a moderate likelihood of extraordinary government support for the company in case of need,” S&P said in a press release.
The outlook is stable.
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