S&P Global Ratings has assigned a BBB+ long-term issuer rating to CSI MTN's proposed drawdown of senior unsecured notes, according to a Wednesday release.
The rating reflects the guarantee provided by CITIC Securities International, CSI MTN's parent, to the medium-term note program in which the issuance will be drawn down.
S&P considers CSI MTN a core subsidiary of CITIC Securities (SHA:600030, HKG:6030), serving as its main offshore business platform and a key earnings driver.
CSI MTN's ratings move in line with those of its parent.
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