The Securities and Futures Commission (SFC) has reminded those investors who invest in derivative warrants and callable bull/bear contracts (CBBCs) to stay abreast of the issuer’s credit worthiness and understand how a credit rating downgrade may affect their investments. When downgraded to a notch below the top three investment grades of credit rating agencies (CRAs) recognized by the Stock Exchange…
SFC urges investors to understand how credit rating downgrades may affect their investments
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