S&P: Affirms CITIC Group and CITIC Limited (00267.HK) "A-" long-term issuer credit rating; outlook revised to "Positive"

On September 16, S&P revised the rating outlook on China CITIC Group Corporation (hereinafter referred to as "CITIC Group," as the ultimate holding company of CITIC Group) and CITIC Limited (hereinafter referred to as "CITIC Limited," 00267.HK, as the intermediate holding company of CITIC Group) from stable to positive. At the same time, S&P affirmed the issuer credit ratings of the above two entities as follows: