Fitch Upgrades China CITIC Financial Asset Management to BBB+

MT Newswires Live07-22

Fitch Ratings upgraded China CITIC Financial Asset Management's (HKG:2799) long-term issuer default ratings to BBB+ from BBB with a stable outlook.

The ratings agency also upgraded the company's government support rating and viability rating.

Fitch said the upgrade reflects the company's strengthened policy role in resolving distressed assets.

It also cited China CITIC Financial Asset Management's closer integration with CITIC Group and its growing importance in advancing the Chinese government's economic priorities.

The ratings agency also pointed to improving asset quality, stronger earnings stability and adequate regulatory capital.

However, Fitch said macroeconomic pressures, legacy troubled assets and weakness in the property market continue to weigh on the company's core distressed-asset management business.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2653573571?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-22 12:41","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2653573571","market":"sh","top_or_hot":-1,"title":"Fitch Upgrades China CITIC Financial Asset Management to BBB+","media":"MT Newswires Live","content":"<html><body><p> Fitch Ratings upgraded China CITIC Financial Asset Management's (HKG:2799) long-term issuer default ratings to BBB+ from BBB with a stable outlook.</p><p>The ratings agency also upgraded the company's government support rating and viability rating.</p><p>Fitch said the upgrade reflects the company's strengthened policy role in resolving distressed assets.</p><p>It also cited China CITIC Financial Asset Management's closer integration with CITIC Group and its growing importance in advancing the Chinese government's economic priorities.</p><p>The ratings agency also pointed to improving asset quality, stronger earnings stability and adequate regulatory capital.</p><p>However, Fitch said macroeconomic pressures, legacy troubled assets and weakness in the property market continue to weigh on the company's core distressed-asset management business.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Fitch Upgrades China CITIC Financial Asset Management to BBB+</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nFitch Upgrades China CITIC Financial Asset Management to BBB+\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-07-22 12:41</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> Fitch Ratings upgraded China CITIC Financial Asset Management's (HKG:2799) long-term issuer default ratings to BBB+ from BBB with a stable outlook.</p><p>The ratings agency also upgraded the company's government support rating and viability rating.</p><p>Fitch said the upgrade reflects the company's strengthened policy role in resolving distressed assets.</p><p>It also cited China CITIC Financial Asset Management's closer integration with CITIC Group and its growing importance in advancing the Chinese government's economic priorities.</p><p>The ratings agency also pointed to improving asset quality, stronger earnings stability and adequate regulatory capital.</p><p>However, Fitch said macroeconomic pressures, legacy troubled assets and weakness in the property market continue to weigh on the company's core distressed-asset management business.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00267","symbol_name":"中信股份","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2653573571","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2653573571","pubTimestamp":1784695271,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Fitch Ratings upgraded China CITIC Financial Asset Management's  long-term issuer default ratings to BBB+ from BBB with a stable outlook.The ratings agency also upgraded the company's government support rating and viability rating.Fitch said the upgrade reflects the company's strengthened policy role in resolving distressed assets.It also cited China CITIC Financial Asset Management's closer integration with CITIC Group and its growing importance in advancing the Chinese government's economic priorities.The ratings agency also pointed to improving asset quality, stronger earnings stability and adequate regulatory capital.However, Fitch said macroeconomic pressures, legacy troubled assets and weakness in the property market continue to weigh on the company's core distressed-asset management business.","collect":0,"end_time":0,"defaultTopTitle":"","property":["rate"],"viewcount":null,"language":"en","relate_stocks":{"00267":"中信股份","BBB":"Cyber Hornet S&P 500 and Bitcoin 75/25 Strategy ETF"},"translate_title":"惠誉将中国中信金融资产管理公司评级为BBB+","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00267":1.5,"BBB":1.5},"content_text":"Fitch Ratings upgraded China CITIC Financial Asset Management's (HKG:2799) long-term issuer default ratings to BBB+ from BBB with a stable outlook.The ratings agency also upgraded the company's government support rating and viability rating.Fitch said the upgrade reflects the company's strengthened policy role in resolving distressed assets.It also cited China CITIC Financial Asset Management's closer integration with CITIC Group and its growing importance in advancing the Chinese government's economic priorities.The ratings agency also pointed to improving asset quality, stronger earnings stability and adequate regulatory capital.However, Fitch said macroeconomic pressures, legacy troubled assets and weakness in the property market continue to weigh on the company's core distressed-asset management business.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.47.1","shortVersion":"4.47.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2653573571","isCrawlerRequest":true}