Moody's affirms CICC's Baa1 issuer rating upon proposed acquisition
Hong Kong, November 09, 2016-- Moody's Investors Service has today affirmed the Baa1 long-term and P-2 short-term issuer ratings of China International Capital Corporation Limited. The affirmation follows CICC's announcement on 4 November that it had agreed to acquire 100% equity interest in China Investment Securities Company Limited from Central Huijin Investments Ltd. The consideration for the proposed acquisition is RMB16.7 billion, which will be met by the issuance...
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