China Merchants Bank's MTN Program 'BBB+/A-2' Ratings Withdrawn At Company's Request - S&P Global Ratings’ Credit Research

China Merchants Bank's MTN Program 'BBB+/A-2' Ratings Withdrawn At Company's Request

China Merchants Bank's MTN Program 'BBB+/A-2' Ratings Withdrawn At Company's Request - S&P Global Ratings’ Credit Research
China Merchants Bank's MTN Program 'BBB+/A-2' Ratings Withdrawn At Company's Request
Published Oct 06, 2020
3 pages (1180 words) — Published Oct 06, 2020
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

HONG KONG (S&P Global Ratings) Oct. 7, 2020--S&P Global Ratings today said it has withdrawn its 'BBB+' long-term and 'A-2' short-term issue ratings on China Merchants Bank Co. Ltd.'s (BBB+/Stable/A-2) US$5 billion medium-term note (MTN) program at the company's request. The program is currently unused and has no outstanding notes. General Criteria: Group Rating Methodology, July 1, 2019 General Criteria: Hybrid Capital: Methodology And Assumptions, July 1, 2019 Criteria Financial Institutions General: Risk-Adjusted Capital Framework Methodology, July 20, 2017 General Criteria: Methodology For Linking Long-Term And Short-Term Ratings, April 7, 2017 General Criteria: Guarantee Criteria, Oct. 21, 2016 General Criteria: Principles For Rating Debt Issues Based On Imputed Promises, Dec. 19, 2014 General Criteria: Methodology: Timeliness Of Payments:

  
Brief Excerpt:

...October 6, 2020 HONG KONG (S&P Global Ratings) Oct. 7, 2020--S&P Global Ratings today said it has withdrawn its '###+' long-term and 'A-2' short-term issue ratings on China Merchants Bank Co. Ltd.'s (###+/Stable/A-2) US$5 billion medium-term note (MTN) program at the company's request. The program is currently unused and has no outstanding notes....

  
Report Type:

Ratings Action

Ticker
600036@CH
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Region
Emerging Markets
Format:
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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. "China Merchants Bank's MTN Program 'BBB+/A-2' Ratings Withdrawn At Company's Request" Oct 06, 2020. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/China-Merchants-Bank-s-MTN-Program-BBB-A-2-Ratings-Withdrawn-At-Company-s-Request-2528293>
  
APA:
S&P Global Ratings’ Credit Research. (). China Merchants Bank's MTN Program 'BBB+/A-2' Ratings Withdrawn At Company's Request Oct 06, 2020. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/China-Merchants-Bank-s-MTN-Program-BBB-A-2-Ratings-Withdrawn-At-Company-s-Request-2528293>
  
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