Bank of Shanghai's Issuer Credit Rating Gets "AAA" From Rating Firm
MT Newswires Live
Jun 23
Shanghai Brilliance Credit Rating and Investors Service affirmed Bank of Shanghai's (SHA:601229) issuer credit rating at "AAA" due to its "extremely strong capacity" to pay debt, according to a Shanghai bourse filing on Tuesday.
The rating agency also maintained the "AAA" rating on the bank's bonds.
Shanghai Brilliance Credit Rating maintained a stable outlook for the lender as its credit profile is expected to remain stable over the next 12 months.
The lender's shares rose 1% during the morning trade.
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