Hua Xia Bank’s Ratings Affirmed with a Stable Outlook

Ref: CN028 19 CRA00- 0 1 6 August 20 20

Hua Xia 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 Hua Xia Bank (HXB) at ‘BB+’ and ‘B’. HXB’s B ank S tandalone R ating (BSR) has also been affirmed at ‘bb’. The O utlook for the LT FCR and BSR remains Stable.

HXB’s LT FCR is set one notch above the BSR to reflect the E xtraordinary S upport L evel (ESL) of Moderate given the Bank’s significant – but indirect – state-ownership. HXB’s BSR is derived from a Core Financial Strength ( CFS ) rating of ‘bb ’ and an Operating Environment Risk Anchor ( OPERA ) of ‘bbb-’. OPERA reflects the Chinese economy ’s high competitiveness given its large and …