Fitch Ratings has affirmed the Long-Term Issuer Default Ratings (IDR) of
The Outlook is Negative. Concurrently, Fitch has chosen to withdraw the ratings of CBC for commercial reasons.
Fitch has chosen to withdraw the ratings of CBC for commercial reasons.
KEY RATING DRIVERS
There has been no material change in CBC's credit profile since the previous rating action on
RATING SENSITIVITIES
Rating sensitivities are not applicable as ratings have been withdrawn.
BEST/WORST CASE RATING SCENARIO
International scale credit ratings of Financial Institutions and Covered Bond issuers have a best-case rating upgrade scenario (defined as the 99th percentile of rating transitions, measured in a positive direction) of three notches over a three-year rating horizon; and a worst-case rating downgrade scenario (defined as the 99th percentile of rating transitions, measured in a negative direction) of four notches over three years. The complete span of best- and worst-case scenario credit ratings for all rating categories ranges from '
REFERENCES FOR SUBSTANTIALLY MATERIAL SOURCE CITED AS KEY DRIVER OF RATING
The principal sources of information used in the analysis are described in the Applicable Criteria.
ESG CONSIDERATIONS
Unless otherwise disclosed in this section, the highest level of ESG credit relevance is a score of '3'. This means ESG issues are credit-neutral or have only a minimal credit impact on the entity, either due to their nature or the way in which they are being managed by the entity. For more information on Fitch's ESG Relevance Scores, visit www.fitchratings.com/esg
RATING ACTIONS
ENTITY/DEBT RATING PRIOR
China Banking Corporation LTIDR BB + Affirmed BB+
LT IDR WD Withdrawn BB+
LC LTIDR BB + Affirmed BB+
LC LT IDR WD Withdrawn BB+
Viability bb+ Affirmed bb+
Viability WD Withdrawn bb+
Support 3 Affirmed 3
Support WD Withdrawn 3
Support Floor BB Affirmed BB
Support Floor WD Withdrawn BB
VIEW ADDITIONAL RATING DETAILS
Additional information is available on www.fitchratings.com
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