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S&P Raises Rating Outlooks on CITIC Group and CITIC Limited

2026-09-18 17:25:59

On 16 September 2026, credit rating agency S&P Global Ratings ("S&P") revised its rating outlooks on CITIC Group Corporation ("CITIC Group") and CITIC Limited to positive from stable, while affirming their 'A-' issuer credit ratings. S&P also revised its rating outlooks on China CITIC Bank Corporation Limited and CITIC Securities Company Limited to positive from stable, affirming the 'A-' rating on China CITIC Bank and the 'BBB+' rating on CITIC Securities.

The outlook revisions reflect CITIC Group's steady and improving operating performance, the strengthened credit profile of its financial services segment, the continued execution of its diversification strategy, and its effective management of financial leverage. S&P raised the stand-alone credit profiles of CITIC Group, China CITIC Bank and CITIC Securities by one notch each.

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