Bank of Communications Co. Ltd. 'A-/A-2' Ratings Affirmed On Continuing Strong Business Position; Outlook Stable

We expect BoCom to maintain its solid market position in China, with stabilized net interest margin and asset quality. We continue to view BOCOMFL as a core subsidiary of BoCom. We are affirming our 'A-' long-term and 'A-2' short-term issuer credit ratings on BoCom and its leasing subsidiaries. We are also affirming the ratings on the debt these entities issued or guaranteed. The stable outlook on BoCom reflects our expectation that the bank can maintain resilient capitalization and financial performance, and that its asset quality will be in line with major peers' over the next 12-24 months. HONG KONG (S&P Global Ratings) Sept. 28, 2018--S&P Global Ratings today affirmed its 'A-' long-term and 'A-2' short-term issuer credit ratings on China-based

...+ We expect BoCom to maintain its solid market position in China, with stabilized net interest margin and asset quality. We continue to view BOCOMFL as a core subsidiary of BoCom. + We are affirming our 'A-' long-term and 'A-2' short-term issuer credit ratings on BoCom and its leasing subsidiaries. We are also affirming the ratings on the debt these entities issued or guaranteed. + The stable outlook on BoCom reflects our expectation that the bank can maintain resilient capitalization and financial performance, and that its asset quality will be in line with major peers' over the next 12-24 months. HONG KONG (S&P Global Ratings) Sept. 28, 2018--S&P Global Ratings today affirmed its 'A-' long-term and 'A-2' short-term issuer credit ratings on China-based Bank of Communications Co. Ltd. (BoCom), Bank of Communications Financial Leasing Co. Ltd. (BOCOMFL), BOCOM Leasing Management Hong Kong Co. Ltd. The outlook on the long-term ratings on these entities is stable. We also affirmed our 'A-'...

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