Hua Xia Bank – Foreign Currency Ratings Upgraded; Outlook Remains Stable

Ref: CN028 21 CRA00- 0 1 5 August 20 2 2

Hua Xia Bank – Foreign Currency Ratings Upgraded; Outlook Remains Stable

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating (ST FCR) of Hua Xia Bank (HXB) to ‘BB B- ’ and ‘ A3 ’ , respectively, from ‘BB+’ and ‘B’ . At the same time, CI Ratings has affirmed both HXB’s B ank S tandalone R ating (BSR) and Core Financial Strength (CFS) rating at ‘bb’. The O utlook for the LT FCR and BSR remains Stable.

As HXB was classified as a D-SIB in October 2021, our E xtraordinary S upport L evel (ESL) has been revised upwards t o High from Moderate. The ESL of High reflects the Chinese government’s strong track recor d of extending assistance to troubled banks and its ample resources and…