China Construction Bank’s Ratings Affirmed with a Stable Outlook

China Construction Bank’s 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 ) 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 (ESL) of Very High. The ESL takes into account CCB’s majority stat e-ownership and G-SIB status, and CI’s view that the authorities would have the financial capacity to assist CCB if required. Consequently, the Bank’s LT FCR has been aligned with CI’s internal …