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Fitch Upgrades Outlooks on 6 CN Banks to Stable
Recommend 51 Positive 88 Negative 34 |
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Rating agency Fitch announced that it had upgraded the Outlooks on five Chinese state-owned banks, including ICBC (01398.HK), CCB (00939.HK), BANK OF CHINA (03988.HK), ABC (01288.HK), and BANKCOMM (03328.HK), along with CM BANK (03968.HK), from Negative to Stable. It also affirmed the five state-owned banks' Long-Term Issuer Default Ratings (IDRs) at "A", Government Support Rating (GSR) at "A", and Short-Term IDRs at "F1+". Meanwhile, Fitch affirmed CM BANK's Long-Term Issuer Default Rating at "A-", Government Support Rating at "A-" and Short-Term IDR at "F1". AAStocks Financial News |
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