HONG KONG (Standard&Poor's) Sept. 27, 2013--Standard&Poor's Ratings Services today assigned its 'A-1' short-term issue rating and 'cnA-1' short-term Greater China regional scale rating to a euro commercial paper program of the Frankfurt branch of Bank of China Ltd. (BOC: A/Stable/A-1; cnAA+/cnA-1). The bank's branch may issue euro commercial paper worth up to €2 billion or its equivalent in alternative currencies under the program. The issue rating is equivalent to the short-term counterparty credit rating on BOC. The issuer's obligations under the notes will rank at least pari passu with all its present and future unsecured and unsubordinated obligations other than those mandatorily preferred by law. RELATED CRITERIA AND RESEARCH Banks: Rating Methodology And Assumptions, Nov. 9,
