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

Bank of Communications Co. Ltd.

Published Dec 20, 2011

2960 words — Published Dec 20, 2011

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Strong business position supported by its sound franchise in China and above-average business and geographic diversification Adequate risk position supported by its lower-than-peers credit loss experience in an extended period. Above-average funding profile and adequate liquidity Operations mainly in China, where economic risk score is 6 Moderate capital and earnings strength due partly to its rapid loan growth We have classified Bank of Communications Co. Ltd. (BoCom) as a government-related entity and incorporated a three-notch uplift to the ICR from the stand-alone credit profile (SACP) of 'bbb-' to reflect a "high" likelihood that the central government of China (AA-/Stable/A-1+; cnAAA/cnA-1+) would provide timely and sufficient extraordinary support in the event of the bank's financial distress. In accordance with our criteria

Brief Excerpt:

RESEARCH Bank of Communications Co. Ltd. Publication date: 20-Dec-2011 Primary Credit Analyst: Terry Sham, Hong Kong (852) 2533-3590; terry_sham@standardandpoors.com Secondary Contact: Ryan Tsang, Hong Kong (852) 2533-3532; ryan_tsang@standardandpoors.c...

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

Bulletin: Bank of Communications Co. Ltd. Ratings Not Affected By Proposed Private Placement Of Shares – 2012/03/15 – Free

Bank of Communications Co. Ltd.'s Offshore Chinese Renminbi Fixed-Rate Bonds Rated 'A-' – 2012/03/19 – US$ 150.00

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

Research Update: Bank of Communications Assigned 'A-2' Short-Term Rating; 'A-' Long-Term Rating Affirmed With Stable Outlook – 2012/11/28 – US$ 225.00

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

Summary: Bank of Communications Co. Ltd. – 2011/12/20 – US$ 225.00

Research Update: Bank of Communications Co. Ltd. Rating Raised To 'A-' On Revised Criteria; Outlook Stable – 2011/12/06 – US$ 225.00

Bank of Communications Co. Ltd. – 2010/12/28 – US$ 500.00

Summary: Bank of Communications Co. Ltd. – 2010/12/28 – US$ 225.00

Bank of Communications Co. Ltd. – 2009/11/27 – US$ 500.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bank of Communications Co. Ltd." Dec 20, 2011. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Communications-Co-Ltd-923172>

APA:	S&P Global Ratings’ Credit Research. (). Bank of Communications Co. Ltd. Dec 20, 2011. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Communications-Co-Ltd-923172>

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