S&P Rates CSI MTN's Senior Unsecured Notes BBB+

MT Newswires Live01-12

S&P Global Ratings has given a proposed drawdown of senior unsecured notes from CSI MTN's medium-term notes program a BBB+ long-term issuer rating, according to a Monday release.

Parent Citic Securities International is the program's guarantor, with the unconditional and irrevocable guarantee factored into the issue rating.

Obligations under the program will rank at least equally with the parent's other obligations, except for those with preference by law, S&P said.

S&P sees Citic Securities International as a core subsidiary of Citic Securities (HKG:6030) given its main offshore business platform and status as an earnings growth driver.

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