[ET Net News Agency, 24 November 2020] Moody's Investors Service has affirmed the
long-term A1 bank deposits and (P)A1 senior unsecured ratings on the Medium Term Note
(MTN) program of China Construction Bank Corporation (CCB) (00939).
Moody's has also affirmed the bank's baseline credit assessment (BCA) and adjusted BCA
of baa1.
The rating outlook remains stable, reflecting Moody's view that the Chinese government's
willingness and ability to support CCB will remain broadly unchanged over the next 12-18
months; and CCB's asset quality, capital and profitability will remain stable at the
current level during this period. (KL)