HONG KONG (Standard&Poor's) May 27, 2014--Standard&Poor's Ratings Services today assigned its 'A-' long-term issue rating to a medium-term transferable certificate of deposit (TCD) program under which the Sydney branch of Bank of Communications Co. Ltd. (BOCOM: A-/Stable/A-2; cnAA/cnA-1) may issue TCD up to a maximum aggregate amount of US$2 billion. We also assigned our 'cnAA' long-term Greater China regional scale rating to the program. The ratings have been equalized to the long-term counterparty credit rating on BOCOM. All TCD issued under the program will rank equally among themselves and at least equally with all other present and future unsecured and unsubordinated obligations, except obligations mandatorily preferred by law. RELATED CRITERIA AND RESEARCH Related Criteria Assessing Bank
