On April 30, 2014, Moody’s Investor Service (the ‘Moody’) announced to upgrade thestandalone bank financial strength rating(BFSR)/baseline credit assessment (BCA) of Bank of China Ltd (the ‘Bank’) from ‘D/ba2’ to ‘C-/baa2’, maintained the Bank’s long-term/short-term deposit ratings at ‘A1/P-1’ and ‘Stable’ rating outlook.
The upgrade of the Bank’s standalone bank financial strength rating reflected the Moody’s recognition of the Bank’s market-oriented operation mechanism, stable operating performance, prudent risk management, strong liquidity positions and competitive edges from international and diversified platform.
Moody is one of the prestigious ratings agencies with services including credit rating, independent analysis and research, risk management solution, training and consulting.
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