Shanghai Pudong Development Bank - Ratings Affirmed; Outlook Revised to Negative from Stable

Overview

Capital Intelligence Ratings (CI Ratings), the international credit rating agency, today announced that it has affirmed Shanghai Pudong Development Bank Company Limited's (SPDB) Financial Strength Rating (FSR) at 'BBB', underpinned by its satisfactory loan asset quality – despite the sharp rise in non-performing loans (NPLs) in money terms and the estimated NPL net accretion rate.

Attachments

• Credit Rating Announcement (CRA)
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• Bank Rating Report (China, Shanghai Pudong Development Bank)
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