China Construction Bank – Ratings Affirmed with a Stable Outlook

Ref: CN011 2 1 CRA00- 0 1 7 September 202 2

China Construction Bank – Ratings Affirmed with a Stable Outlook

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating ( ST FCR ) of China Construction Bank Corporation (CCB) at ‘A’ an d ‘A1’, respectively. At the same time, CI Ratings has affirmed CCB’s Bank Standalone Rating ( BSR ) at ‘bbb-’ and Core Financial Strength (CFS) rating at ‘bbb-’. The Outlook for the LT FCR and BSR remains Stable.

The four-notch uplift of the Bank’s LT FCR above the BSR is based on an Extraordinary Support Level (E SL ) of Very High. The ESL takes into account CCB’s majority state-ownership and G-SIB status, a s well as CI’s view that the authorities have the willingness and financial capacity to assist CCB if…