Bank of China's Senior Debt Under A$4 Billion TCD Program Assigned 'A-' and 'cnAA' Ratings - S&P Global Ratings’ Credit Research

Bank of China's Senior Debt Under A$4 Billion TCD Program Assigned 'A-' and 'cnAA' Ratings

Bank of China's Senior Debt Under A$4 Billion TCD Program Assigned 'A-' and 'cnAA' Ratings - S&P Global Ratings’ Credit Research
Bank of China's Senior Debt Under A$4 Billion TCD Program Assigned 'A-' and 'cnAA' Ratings
Published Oct 25, 2011
Published Oct 25, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

HONG KONG (Standard&Poor's) Oct. 25, 2011--Standard&Poor's Ratings Services today assigned the following ratings to debt issues under the A$4 billion transferable certificate of deposit (TCD) issuance program of Bank of China Ltd. (BOC; A-/Stable/A-2; cnAA/cnA-1), acting through its Sydney branch: 'A-' issue rating and 'cnAA' Greater China credit scale rating to the senior debt issues. 'BBB+' issue rating and 'cnAA-' Greater China scale rating to subordinated debt issues. The rating on the senior debt issues is identical to the counterparty credit rating on BOC, reflecting the unsubordinated and unsecured nature of the instruments. The one-notch difference between the rating on the subordinated debt issues and the issuer rating reflects the subordinated nature of the instruments. RELATED

  
Report Type:

Ratings Action

Ticker
3988@HK
Issuer
Bank of China Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
China
Region
Latin America
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of China's Senior Debt Under A$4 Billion TCD Program Assigned 'A-' and 'cnAA' Ratings" Oct 25, 2011. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-s-Senior-Debt-Under-A-4-Billion-TCD-Program-Assigned-A-and-cnAA-Ratings-904224>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of China's Senior Debt Under A$4 Billion TCD Program Assigned 'A-' and 'cnAA' Ratings Oct 25, 2011. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-s-Senior-Debt-Under-A-4-Billion-TCD-Program-Assigned-A-and-cnAA-Ratings-904224>
  
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