Moody's: Upgrades CITIC Group and CITIC Limited (00267.HK) issuer rating to "A2", outlook revised to "stable"

On September 22, Moody's upgraded the issuer ratings and senior unsecured bond ratings of China CITIC Group Corporation ("CITIC Group") and CITIC Limited ("CITIC Limited", 00267.HK) from "A3" to "A2", and upgraded the baseline credit assessments (BCA) of both companies from "ba1" to "baa3".