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Fitch Revises Outlooks for ICBC & 5 Other CN State-owned Banks to Negative
Recommend 45 Positive 83 Negative 54 |
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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). AAStocks Financial News |
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