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Bank of China Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
'Very high' likelihood of extraordinary government support Strong franchise in mainland China and Hong Kong underpinned by its above-average business and geographic diversification Above-average funding and strong liquidity Operates mainly in China, which has an economic risk score of '6' Moderate capital and earnings strength Moderate risk position due mainly to its aggressive credit growth in the past few years The long-term counterparty rating on Bank of China Ltd. (BOC) incorporates a four-notch uplift to the stand-alone credit profile (SACP) of 'bbb-' because we classify the bank as a government-related entity and believe there is a 'very high' likelihood that the Chinese government would provide timely and sufficient extraordinary support if BOC comes under financial distress. In accordance with our...
Companies mentioned in this report are: Bank of China Ltd.,China (People's Republic of ),Bank of China (Hong Kong) Ltd.,Bank of China Group Insurance Co. Ltd.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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