Check Management

Personal
Business
About China Bank

Credit Ratings


Company Profile

Moody's

China Banking Corporation's (China Bank) Baa2 local- and foreign-currency deposit ratings are driven by the Bank’s strong capitalization and profitability as well as risks to asset quality from the economic shock caused by the coronavirus.

The ratings also factor in one notch uplift over its Baseline Credit Assessment (BCA) of baa3, to reflect their assumption of a moderate probability of support  from the Government of the Philippines (Baa2 stable).

On December 03, 2021, Moodys affirmed China Bank’s bank deposit and issuer ratings at Baa2 and also affirmed the bank’s BCA at baa3. The outlook on the long-term ratings remains stable, as capital buffers offset risks to asset quality.

Source: Moody’s published report (17 December 2021)

PhilRatings

Assigned Issuer Rating: PRS Aaa (corp.)/Stable Outlook
A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates. A PRS Aaa (corp.) is the highest corporate credit rating assigned on the PRS scale.

A Stable Outlook, on the other hand, indicates that the rating is likely to be maintained or to remain unchanged in the next 12 months.

RATIONALE

  • China Bank’s established track record and resiliency, coupled with strong and experienced shareholders who have navigated the Bank through various changes in the economic environment
  • Sound funding profile
  • Lower interest expense to support short-term profit performance
  • More than satisfactory asset quality, with ample capital buffer

Source: PhilRatings published Report (21 October 2021)

Institution Category Rating
Moody's Outlook Stable
Counterparty Risk Rating Baa2/P-2
Bank Deposits Baa2/P-2
Baseline Credit Assessment baa3
Adjusted Baseline Credit Assessment baa3
Counterparty Risk Assessment Baa2(cr)/P-2(cr)
Issuer Rating Baa2
ST Issuer Rating P-2
PhilRatings Issuer Rating: PRS Aaa(corp.)
© 2006 China Banking Corporation. All rights reserved