Standard & Poor’s revises up ICBC’s rating

16:53, December 20, 2010      

Email | Print | Subscribe | Comments | Forum 

Standard & Poor's, one of the world's leading rating agencies, revised the rating of the Industrial and Commercial Bank of China (ICBC) recently to name it the top Chinese commercial bank.

Standard & Poor's has upgraded ICBC's long-term foreign exchange credit from A- to A and its short-term credit from A-2 to A-1. ICBC's prospects have been put under the "stable" category. Its fundamentals have also been promoted from C to C+.

The agency says that the revision is based on ICBC's constant improvement on profitability, good development strategy and clear capital management. It believes that ICBC will continue to hold a strong fiscal position.


By Li Jia, People’s Daily Online
  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Focus On China
  • Shanghai World Expo 2010
Major headlines
Editor's Pick
  • Sports comebacks of 2010
  • Children take part in cake-making contest
  • Artworks with image of rabbits popular as lunar new year approaches
  • Exhibition of "Charm of Ancient Chinese Music" opens in Beijing
  • Aftermath of Mexico oil pipeline explosion
  • Belarus' presidential election "honest, open": Lukashenko
Most Popular
Hot Forum Dicussion