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| HSI1 | 23,919.50 | 0.00 | -- |
| HSCEI1 | 8,057.59 | 0.00 | -- |
| Back Zoom + Zoom - Block Traded | |
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Fitch Upgrades PING AN BANK (000001.SZ) Rating to "BBB-"; Outlook Stable
2026-11-03 17:44:17 Fitch Ratings has upgraded the Long-Term Foreign-Currency Issuer Default Rating of PING AN BANK (000001.SZ) from "BB+" to "BBB-" with a stable outlook. Fitch also upgraded the bank's Government Support Rating from "bb+" to "bbb-", its Short-Term Issuer Default Rating from "B" to "F3", and affirmed its Viability Rating at "b+". The rating upgrade reflects Fitch's view that Chinese authorities have become more willing to provide extraordinary support to domestic systemically important banks, including PING AN BANK (000001.SZ), when under stress. Recently, the government has proactively intervened in smaller regional banks to safeguard financial stability and depositor confidence, indicating authorities' commitment to containing contagion risks. Fitch believes authorities would provide stronger support to domestic systemically important banks given their higher systemic importance. Fitch assigned PING AN BANK (000001.SZ) a Viability Rating below the implied "bb-" category Viability Rating, as Fitch believes the bank's risk profile continues to constrain its overall credit profile. (ad/da)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |