China Construction Bank – Ratings Affirmed with a Stable Outlook

Ref: CN011 2 2 CRA00- 0 1 7 September 202 3

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 ) of ‘bbb-’ , Core Financial Strength (CFS) rating of ‘bbb-’ a nd Extraordinary Support Level (ESL) of Very High . The Outlook for the LT FCR and BSR remains Stable.

Benefitting from the ESL of Very High , the Bank’s LT FCR is set four-notches above the BSR. The ESL takes into account CCB’s majority state-ownership and G-SIB status, as well as CI’s view that the authorities have the willingness and financial capacity…