Bank of China Ltd.'s Proposed MTN Drawdowns By Various Branches Assigned 'A' Ratings

HONG KONG (S&P Global Ratings) April 10, 2018--S&P Global Ratings today assigned its 'A' long-term issue ratings to the proposed drawdowns of various branches of Bank of China Ltd. (BOC). The issuing branches include Sydney, Luxemburg, and Singapore. The notes are a part of BOC's US$40 billion medium-term note (MTN) program. The issue ratings are subject to our review of the final issuance documentation. The ratings on the notes reflect the structure of the proposed issuance and are in line with our issuer credit rating on BOC (A/Stable/A-1). The notes will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of BOC and will at all times rank equally among themselves. BOC is headquartered in Beijing. It reported assets of Chinese

...HONG KONG (S&P Global Ratings) April 10, 2018--S&P Global Ratings today assigned its 'A' long-term issue ratings to the proposed drawdowns of various branches of Bank of China Ltd. (BOC). The issuing branches include Sydney, Luxemburg, and Singapore. The notes are a part of BOC's US$40 billion medium-term note (MTN) program. The issue ratings are subject to our review of the final issuance documentation. The ratings on the notes reflect the structure of the proposed issuance and are in line with our issuer credit rating on BOC (A/Stable/A-1). The notes will constitute direct, general, unsubordinated, unconditional, and unsecured obligations of BOC and will at all times rank equally among themselves. BOC is headquartered in Beijing. It reported assets of Chinese yuan 19.5 trillion as of Dec. 31, 2017. RELATED CRITERIA + Criteria - Financial Institutions - General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 + General Criteria: Methodology For Linking Long-Term And Short-Term...

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