...Standalone Profile Drives IDR: The Issuer Default Ratings (IDRs) of Asia Commercial Joint Stock Bank (ACB) are driven by its intrinsic credit profile. The ratings take into account the bank's rising profitability and improved loan quality after a clean-up of legacy exposures, which are balanced against the bank's small franchise, thin loss-absorption buffers and potential risks from rapid loan growth. Better Loan Quality: Fitch Ratings believes the bank's loan quality is likely to be better than that of most of its peers due to its limited exposure to state-owned enterprises (SOEs) and retail-centric business model. Its reported problem-loan ratio...
