Research Update: China Merchants Bank, Subsidiaries Outlook Revised To Positive From Developing; Ratings Affirmed - S&P Global Ratings’ Credit Research

Research Update: China Merchants Bank, Subsidiaries Outlook Revised To Positive From Developing; Ratings Affirmed

Research Update: China Merchants Bank, Subsidiaries Outlook Revised To Positive From Developing; Ratings Affirmed - S&P Global Ratings’ Credit Research
Research Update: China Merchants Bank, Subsidiaries Outlook Revised To Positive From Developing; Ratings Affirmed
Published Apr 28, 2023
5 pages (2172 words) — Published Apr 28, 2023
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

China Merchants Bank Co. Ltd.'s (CMB) strong retail franchise may help the China-based bank sustain strong liquidity, in our view. Risks from legal actions against the former president have also receded. We revised our rating outlook on CMB and its core subsidiaries to positive from developing. At the same time, we affirmed the issuer credit ratings on these companies at 'BBB+/A-2'. The positive rating outlook reflects our view of a one-in-three possibility that CMB may sustain its strong liquidity. On April 28, 2023, S&P Global Ratings revised the rating outlook on CMB and its core subsidiaries, CMB International Capital Holdings Corp. Ltd. (CMBI), CMB Financial Leasing Co. Ltd. (CMBFL), and CMB International Leasing Management Ltd. (CMBILM) to positive from developing.

  
Brief Excerpt:

...- China Merchants Bank Co. Ltd.'s (CMB) strong retail franchise may help the China-based bank sustain strong liquidity, in our view. Risks from legal actions against the former president have also receded. - We revised our rating outlook on CMB and its core subsidiaries to positive from developing. At the same time, we affirmed the issuer credit ratings on these companies at '###+/A-2'. - The positive rating outlook reflects our view of a one-in-three possibility that CMB may sustain its strong liquidity....

  
Report Type:

Research Update

Ticker
600036@CH
Issuer
China Merchants Bank Co. Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
China
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: China Merchants Bank, Subsidiaries Outlook Revised To Positive From Developing; Ratings Affirmed" Apr 28, 2023. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-China-Merchants-Bank-Subsidiaries-Outlook-Revised-To-Positive-From-Developing-Ratings-Affirmed-2979884>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: China Merchants Bank, Subsidiaries Outlook Revised To Positive From Developing; Ratings Affirmed Apr 28, 2023. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-China-Merchants-Bank-Subsidiaries-Outlook-Revised-To-Positive-From-Developing-Ratings-Affirmed-2979884>
  
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