Bank of China's US$2 Billion Euro-CP And CD Program Assigned 'A-/A-2' Rating - S&P Global Ratings’ Credit Research

Bank of China's US$2 Billion Euro-CP And CD Program Assigned 'A-/A-2' Rating

Bank of China's US$2 Billion Euro-CP And CD Program Assigned 'A-/A-2' Rating - S&P Global Ratings’ Credit Research
Bank of China's US$2 Billion Euro-CP And CD Program Assigned 'A-/A-2' Rating
Published Nov 01, 2011
Published Nov 01, 2011
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

s HONG KONG (Standard&Poor's) Nov. 1, 2011--Standard&Poor's Ratings Services today assigned its 'A-' long-term and 'A-2' short-term issue ratings to a proposed US$2 billion Euro-commercial paper and certificate of deposit program of the London branch of Bank of China Ltd. (BOC; A-/Stable/A-2, cnAA/cnA-1). At the same time, Standard&Poor's assigned its 'cnAA' long-term and cnA-1' short-term Greater China credit scale ratings to the program. The issue rating is equivalent to the counterparty credit rating on BOC. The Euro-commercial paper notes and the certificate of deposits to be issued under the program will rank at least pari passu with all other present and future unsecured and unsubordinated debt of the bank. RELATED CRITERIA AND RESEARCH Credit

  
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 US$2 Billion Euro-CP And CD Program Assigned 'A-/A-2' Rating" Nov 01, 2011. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-s-US-2-Billion-Euro-CP-And-CD-Program-Assigned-A-A-2-Rating-907203>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of China's US$2 Billion Euro-CP And CD Program Assigned 'A-/A-2' Rating Nov 01, 2011. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-s-US-2-Billion-Euro-CP-And-CD-Program-Assigned-A-A-2-Rating-907203>
  
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