Hua Xia Bank’s Ratings Affirmed with a Stable Outlook

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

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’ , respectively . HXB’s B ank S tandalone R ating (BSR) and Core Financial Strength (CFS) rating ha ve 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 Extraordinary Support Level (ESL) of Moderate given the Bank’s significant – but indirect – governmental ownership. HXB’s BSR is derived from a Core Financial Strength (CFS) rating of ‘bb’ and an Operating Environment Risk Anchor (OPERA) of ‘bbb-’ , the latter indicating modest risk. OPERA …