Standard & Poor's: Should the issuer request the withdrawal of Beijing Automotive's (01958.HK) "BBB" long-term issuer credit rating.

On May 30, at the request of Beijing Automotive Group Co., Ltd. (BAIC Motor Corporation Limited, referred to as "Beijing Automotive", 01958.HK), Standard & Poor's revoked the company's "BBB" long-term issuer credit rating. The outlook before the revocation was "stable".