Hua Xia 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 Hua Xia Bank (HXB) to 'BBB-' and 'A3', respectively, from 'BB+' and 'B'. At the same time, CI Ratings has affirmed both HXB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'bb'. The Outlook for the LT FCR and BSR remains Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (China, Hua Xia Bank Company)
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