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Fitch: Enhanced Policy Roles at CN State-owned Banks Raise Govt Support Prospects
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The enhanced policy roles at Chinese state-owned banks have strengthened their linkage with the central government and increased government support prospects, according to Fitch Ratings. Fitch assessed that some key rating drivers underpinning the state-owned banks' ratings have strengthened, leaving the likelihood of the banks receiving government support intact, which underpinned the affirmation of five state-owned banks' Issuer Default Ratings (IDRs) and revision of their outlooks to Stable from Negative on 8 April 2025, despite the recent sovereign rating downgrade to 'A'. AAStocks Financial News |
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