Bank of Communications - Ratings Affirmed with a Stable Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI), the international credit rating agency, today announced that it has affirmed the Financial Strength Rating (FSR) of Bank of Communications Company Limited (BoCom) at 'BBB+'. The rating is underpinned by the Bank's sound and improving loan asset quality indicators, comfortable liquidity metrics and adequate capital ratios. The rating also reflects the Bank's size, coupled with its sound business franchise, significant sovereign ownership, as well as the fact that the Hongkong and Shanghai Banking Corporation Limited's (HSBC) is its second largest shareholder.

Attachments

• Credit Rating Announcement (CRA)
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• Bank Rating Report (China, Bank of Communications)
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