Home Credit Ratings and Research S&P Global Ratings’ Credit Research Bank of Communications Co. Ltd.

Bank of Communications Co. Ltd.

Published Dec 18, 2013

3550 words — Published Dec 18, 2013

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

"High" likelihood of extraordinary government support. Sound franchise in China and above-average business and geographic diversification. Above-average funding and adequate liquidity. Operates mainly in China, which has an economic risk score of '6'. Moderate capital and earnings strength. Growing pressures on loan quality as China's economy slows down. The stable outlook on Bank of Communications Co. Ltd. (BoCom) primarily reflects the stable outlook on the long-term sovereign credit rating on China (AA-/Stable/A-1+; cnAAA/cnA-1+). It also reflects our expectation that the bank will have an adequate buffer for potential volatility in its credit performance. We also anticipate that the likelihood of extraordinary government support for BoCom will remain "high." We may raise the rating if BoCom's stand-alone credit profile (SACP) improves

Brief Excerpt:

RESEARCH Bank of Communications Co. Ltd. Publication date: 18-Dec-2013 Primary Credit Analyst: Joseph M Leung, Hong Kong 852-2533-3553; joseph.leung@standardandpoors.com Secondary Contact: Qiang Liao, PhD, Beijing (86) 10-6569-2915;...

Report Type:

Full Report

Ticker

3328@HK

Issuer

Bank of Communications Co. Ltd.

GICS

Diversified Banks (40101010)

Sector

Global Issuers

Country

China

Region

Emerging Markets

Format:

HTML

Bank of Communications Co. Ltd.'s Guaranteed Proposed US$1 Billion MTN Program Rated 'A-/A-2' And 'cnAA/cnA-1' – 2014/04/11 – US$ 150.00

Bank of Communications Co. Ltd.'s US$2 Billion TCD Program Assigned 'A-' And 'cnAA' Ratings – 2014/05/27 – US$ 150.00

Bank of Communications Co. Ltd. – 2014/12/23 – US$ 500.00

Summary: Bank of Communications Co. Ltd. – 2014/12/23 – US$ 225.00

Bank of Communications Co. Ltd.'s Guaranteed Notes Drawdown Under US$1 Billion MTN Program Rated 'A-' And 'cnAA' – 2015/08/11 – US$ 150.00

Summary: Bank of Communications Co. Ltd. – 2013/12/18 – US$ 225.00

Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings – 2013/11/25 – US$ 150.00

Bank of Communications Co. Ltd. – 2012/12/03 – US$ 500.00

Summary: Bank of Communications Co. Ltd. – 2012/12/03 – US$ 225.00

Bank of Communications Assigned 'A-2' Short-Term Rating; 'A-' Long-Term Rating Affirmed With Stable Outlook – 2012/11/28 – US$ 150.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bank of Communications Co. Ltd." Dec 18, 2013. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Communications-Co-Ltd-1229137>

APA:	S&P Global Ratings’ Credit Research. (). Bank of Communications Co. Ltd. Dec 18, 2013. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Communications-Co-Ltd-1229137>

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