Report
EUR 229.88 For Business Accounts Only

China Merchants Securities Co., Ltd.: Update to credit analysis

Our credit view of CMS reflects its ample liquidity, good profitability and low leverage, offset by its fixed-income securities investments and the difficult operating environment.
Underlying
China Merchants Securities Co. Ltd. Class A

China Merchants Securities provides investors with all-round professional services of securities investment and financing, including securities trading, securities financing and loan, securities issuance and underwriting, merger & acquisition, asset restructuring, financial consultation, asset management, asset custody and fund administration and investment consultation. Co. wholly owns China Merchants Securities International, China Merchants Futures, and China Merchants Capital Investment, and is a shareholder in BOSERA Funds and China Merchants Fund, building a comprehensive securities service platform integrating both domestic and international business.

Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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