Home News & Press Releases Shanghai Pudong Development Bank - Foreign Currency Ratings Upgraded; Outlook...
News & Credit Rating Announcements
05 August 2022 | Country: China | Bank: Shanghai Pudong Development Bank
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Shanghai Pudong Development Bank - Foreign Currency Ratings Upgraded; Outlook Remains Stable
Overview
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Shanghai Pudong Development Bank (SPDB) to 'BBB+' and 'A2', respectively, from 'BBB' and 'A3'. At the same time, CI Ratings has affirmed both SPDB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'bbb-'. The Outlook for the LT FCR and BSR remains Stable.
Attachments
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Rating Announcement (CRA)
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Bank Rating Report (China, Shanghai Pudong Development Bank)
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