Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings - S&P Global Ratings’ Credit Research

Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings

Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings - S&P Global Ratings’ Credit Research
Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings
Published Nov 25, 2013
1021 words — Published Nov 25, 2013
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Abstract:

HONG KONG (Standard&Poor's) Nov. 25, 2013--Standard&Poor's Ratings Services today assigned its 'A-' long-term and 'A-2' short-term issue ratings to a Euro medium-term note (EMTN) program of Bank of Communications Co. Ltd. (BOCOM: A-/Stable/A-2; cnAA/cnA-1). The Hong Kong branch of the bank may issue EMTN up to an aggregate amount of US$3 billion. We also assigned our 'cnAA' long-term and 'cnA-1' short-term Greater China regional scale ratings to the program. The ratings have been equalized to the long-term and short-term counterparty credit ratings on BOCOM. All notes issued under the EMTN program will constitute direct, unconditional, unsubordinated, and unsecured obligations of the issuer and will rank pari passu without any preference among themselves. They will also rank

  
Brief Excerpt:

RESEARCH Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings Publication date: 25-Nov-2013 Primary Credit Analyst: Joseph M Leung, Hong Kong 852-2533-3553; joseph.leung@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
3328@HK
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Region
Emerging Markets
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings" Nov 25, 2013. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-Communications-Co-Ltd-s-US-3-Billion-Euro-MTN-Program-Assigned-A-And-cnAA-Ratings-1221129>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of Communications Co. Ltd.'s US$3 Billion Euro MTN Program Assigned 'A-' And 'cnAA' Ratings Nov 25, 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-s-US-3-Billion-Euro-MTN-Program-Assigned-A-And-cnAA-Ratings-1221129>
  
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