cheap dapoxetine In another strike out, Moody’s lashed out at 5 commercial Chinese banks, downgraded 3 banks and put 2 leasing companies and one bank for review.
Moody’s Investors Service has today taken rating actions on 5 Chinese commercial banks, 3 policy banks, and 5 bank owned leasing companies.
Moody’s has affirmed the A1 long-term deposit ratings of Bank of China Limited (BOC), China Construction Bank Corporation (CCB), and Industrial and Commercial Bank of China Limited (ICBC). Moody’s has also downgraded Agricultural Bank of China Limited’s (ABC) long-term deposit rating to A2 from A1, and put Bank of Communications Co., Ltd (BoCom)’s A2 long-term and P-1 short-term deposit ratings on review for downgrade.
At the same time, Moody’s has affirmed BOC, CCB, and ICBC’s baseline credit assessment (BCA) and Adjusted BCA at baa2, and ABC’s BCA and Adjusted BCA at baa3, and put BoCom’s BCA and Adjusted BCA of baa3 on review for downgrade.
Moody’s has also downgraded the long-term issuer ratings and/or senior unsecured debt ratings of three Chinese policy banks, Agricultural Development Bank of China (ADBC), China Development Bank Corporation (CDB), and the Export-Import Bank of China (CEXIM), to A1 from Aa3.
Moody’s has also affirmed the A1 long-term issuer ratings of CCB Financial Leasing Corporation Ltd (CCB Leasing) and ICBC Financial Leasing Co., Ltd (ICBC Leasing), put the A2 long-term issuer rating of Bank of Communications Financial Leasing (BoCom Leasing) and the A3 long-term issuer rating of BoCom Leasing Development HK Co. Ltd. (BLDHK) on review for downgrade, and downgraded the long-term issuer rating of China Development Bank Financial Leasing (CDB Leasing) to A1 from Aa3.
The outlook on all entities except for BoCom, BoCom Leasing and BLDHK, which are on review for downgrade, have been revised to stable from negative.
Moody’s has today also downgraded China’s sovereign rating to A1 from Aa3 and changed outlook to stable from negative.