trending Market Intelligence /marketintelligence/en/news-insights/trending/5axji_refobwqutjkho3bw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

S&P raises outlook on Agricultural Bank of China to stable

Assessing The Impact Of COVID-19 On Businesses: Changes Happening With More On The Way

Small Scale Solar Projects by the Numbers

Infographic: Solar Power by the Numbers - The U.S., Canada and Mexico

Industries Most and Least Impacted by COVID 19 from a Probability of Default Perspective March 2020 Update

S&P raises outlook on Agricultural Bank of China to stable

S&P Global Ratings raised the outlook on 's long-term issuer credit rating to stable from negative.

The rating agency said Sept. 27 that it affirmed the bank'sA long-term and A-1 short-term issuer credit ratings. The bank's standalonecredit profile was raised to "bbb" from "bbb-."

The outlook revision was driven by the bank's improvedstandalone credit profile, which provides the bank with more buffer to mitigatethe economic risk trend in China and the possible weaker capability of thegovernment to provide support.

Agricultural Bank of China's profitability will likelyweaken over the next two years due to its narrowing net interest margin andhigher credit costs. The bank's significant exposure to China's weak ruraleconomy constrains its asset quality.

S&P may downgrade the bank's ratings if it lowers itsstandalone credit profile and China's sovereign rating. The standalone creditprofile may be lowered if S&P revises its banking industry country riskassessment on China by one category due to heightened economic risk. Anotherfactor that can contribute to a lower credit profile is if the bank'scapitalization weakens due to severe credit losses.

S&P does not expect to upgrade the bank's ratings in thenear term but it may upgrade those if there is a significant improvement in itsloan quality and its capitalization.

S&P Global Ratingsand S&P Global Market Intelligence are owned by S&P Global Inc.