Latest News:  
Beijing   Light to moderate rain/Light rain    13 / 8 ℃  City Forecast

English>>China Business

Moody's affirms deposit ratings for Big Four banks

By WANG XIAOTIAN (Chinadaily.com.cn)

08:11, November 08, 2012

Moody's Investors Service on Nov 7 affirmed deposit ratings for China’s Big Four banks and upgraded the credit assessment of one of them, as the sector reels from narrowed interest margins and rising bad loans amid economic uncertainty.

In a press release, the international rating agency maintained the long-term and short-term deposit ratings for the four lenders, and upgraded the baseline credit assessment for the Agricultural Bank of China from Ba3 to Ba2.

The other three banks are the Industrial and Commercial Bank of China, China Construction Bank, and Bank of China. ABC’s financial-strength rating was also improved, from D- to D.

"The affirmation of the ratings of ICBC, CCB and BOC with a stable outlook follows a review of the latest economic and regulatory developments in China,” said Hu Bin, a vice president and senior analyst of Moody’s.

“It reflects our assessment that these banks' performances, especially in terms of asset quality and profitability, will prove resilient in the current challenging operating environment."

He acknowledged the three have recorded increases in delinquent and special-mention loans since late 2011 as a result of China's economic slowdown, amid margin pressure as parts of their loan books have yet to be repriced at lower rates after the authorities’ moves to further liberalize interest rates.

【1】 【2】


Recommended Features:
[Special]'Made in China' Revisited From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
Gold collection issued to mark 'Year of Snake' China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
IPR in China: Causes for the Thriving Cause Caofeidian coal wharf put into use Canton Fair wraps up on Sunday


Email|Print|Comments(Editor:梁军、马茜)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. China's stealth fighter concept model

  2. PLA Macao Garrison finishes 13th rotation

  3. Unforgettable moments in Nov. (III)

  4. Flight test of unmanned aircrafts conducted

  5. First inter-blood-type liver transplant in China

  6. Harbin Autumn Automobile Exhibition

  7. Embroider best wishes on insoles in Shanxi

  8. China's rich people will reach to 280 million

Most Popular

Opinions

  1. Commentary: Hot money needs cooling
  2. Smart solutions for better city, better life
  3. China remains an 'engine' in global economy
  4. M&A of listed companies gaining steam
  5. Is 'culture' inferior to 'commercialization'?
  6. Chinese liquor makers "sober up" over bans
  7. Strength of Chinese culture lies in understanding
  8. Securing China's e-commerce growth
  9. Hammered ore prices threaten Chinese iron miners
  10. CNN Beijing chief: China's challenges, opportunities

What’s happening in China

Landmark building should respect the public's feeling

  1. Herders, sheep flock move to winter pasture
  2. First inter-blood-type liver transplant in China
  3. HIV patient to sue hospital over cancer op refusal
  4. Test in intelligent vehicle for food detection
  5. Smart card, dumb refund rules