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Bulletin: Bank of Communications Co. Ltd. Ratings Not Affected By Proposed Private Placement Of Shares

Published Mar 15, 2012

948 words — Published Mar 15, 2012

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Abstract:

HONG KONG (Standard&Poor's) March 16, 2012--Standard&Poor's Ratings Services said today that its ratings on Bank of Communications Co. Ltd. (BoCom: A-/Stable/--; cnAA/-/-) were not affected by the bank's proposed private placement of common shares of up to Chinese renminbi 56.6 billion. The expected proceeds would significantly enhance the bank's capital base. Nevertheless, we view the proposed issue as a neutral factor for the ratings because we expect BoCom's risk-adjusted capital (RAC) ratio before adjustments for diversification to stay within a 6%-7% range over the next two years. This RAC range would continue to indicate a "moderate" capital and earnings level as per our bank rating criteria. Net proceeds from the proposed private placement would represent as

Brief Excerpt:

RESEARCH Bulletin: Bank of Communications Co. Ltd. Ratings Not Affected By Proposed Private Placement Of Shares Publication date: 15-Mar-2012 Primary Credit Analyst: Terry Sham, CFA, FRM, Hong Kong (852) 2533-3590; terry_sham@standardandpoors.com...

Report Type:

Bulletin

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 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. – 2012/12/03 – US$ 225.00

Bank of Communications Co. Ltd. – 2011/12/20 – 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

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MLA:	S&P Global Ratings’ Credit Research. "Bulletin: Bank of Communications Co. Ltd. Ratings Not Affected By Proposed Private Placement Of Shares" Mar 15, 2012. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Bank-of-Communications-Co-Ltd-Ratings-Not-Affected-By-Proposed-Private-Placement-Of-Shares-947746>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: Bank of Communications Co. Ltd. Ratings Not Affected By Proposed Private Placement Of Shares Mar 15, 2012. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Bank-of-Communications-Co-Ltd-Ratings-Not-Affected-By-Proposed-Private-Placement-Of-Shares-947746>

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