Back    Zoom +    Zoom - Top
Fitch Revises Outlooks for ICBC & 5 Other CN State-owned Banks to Negative
Recommend
45
Positive
83
Negative
54
Rating agency Fitch downgraded the outlooks on six Chinese state-owned banks to Negative from Stable, reflecting the earlier revision of the outlook on China's 'A+' sovereign rating to Negative from Stable, as China faces increased uncertainties in its economic transformation process and growing risks to its public finance outlook.

The six state-owned banks are ICBC (01398.HK), CCB (00939.HK), BANK OF CHINA (03988.HK), ABC (01288.HK), BANKCOMM (03328.HK) and PSBC (01658.HK).

Related NewsM Stanley: BANKCOMM 1Q24 Earnings Stable, Benefitting From NIM Rebound & Stable Asset Quality

AAStocks Financial News