| Standard & Poor's |
Long-term Counterparty Credit Rating |
A |
| Short-term Counterparty Credit Rating |
A-1 |
| Stand-alone Credit Profile |
a- |
| Outlook |
Stable |
| Moody's Investors Service |
Long-term Foreign Currency Deposit Rating |
A1 |
| Short-term Foreign Currency Deposit Rating |
P-1 |
| Baseline Credit Assessment |
baa1 |
| Outlook |
Stable |
| Fitch |
Long-term Issuer Default Rating |
A |
| Short-term Issuer Default Rating |
F1+ |
| Viability Rating |
bb+ |
| Outlook |
Stable |
| R&I |
Issuer Rating |
A |
| Short-term Debts Rating |
a-1 |
| Outlook |
Stable |
Credit rating change from IPO to 2007-end
Standard & Poor's:
On Nov 22 2007, Standard & Poor's announced to upgrade BOC's Long-term Counterparty Credit Rating from 'BBB+' to 'A-', and confirmed BOC's Short-term Counterparty Credit Rating at 'A-2' with 'Stable' outlook.
Moody's Investors Service:
On July 26 2007, Moody's Investors Service announced to upgrade BOC's Foreign Currency Long-term Deposit Ratings from 'A2' to 'A1', and confirmed BOC's Foreign Currency Short-term Deposit Ratings at 'P-1' with 'Stable' outlook.
Fitch:
On Nov 17 2007, Fitch announced to upgrade BOC's Long-term Issuer Default Rating from 'A-' to 'A' and upgrade BOC's Short-term Issuer Default Rating from 'F2' to 'F1' with 'Stable' outlook. Meanwhile Fitch confirmed BOC's Individual Rating at 'A', Support Rating at '1' and upgraded Support Rating Floor from 'A-' to 'A'.
No credit rating change during the year of 2008
No credit rating change during the year of 2009
Credit rating change during the year of 2010
Moody's Investors Service:
On Jun 9 2010, Moody's Investors Service announced to upgrade BOC's Bank Financial Strength Ratings from 'D-' to 'D'.
On Sept 27 2010, Moody's Investors Service announced to downgrade the outlook of BOC's Long-term Deposit Ratings and Senior Unsecured Debt Rating from 'Positive' to 'Stable'.
Credit rating change during the year of 2011
Standard & Poor's:
On Nov 30 2011，Standard & Poor's announced to upgrade BOC's Long-term Counterparty Credit Rating from 'A-' to 'A', and Short-term Counterparty Credit Rating from 'A-2' to 'A-1' with 'Stable' outlook.
Fitch:
On July 20 2011, Fitch launched Viability Rating for global financial institutions and assigned 'bb' Viability Rating to Bank of China.
No credit rating change during the year of 2012
Credit rating change during the year of 2013
Standard & Poor's:
On December 15, 2013, Standard & Poor's Ratings Services announced to upgrade the Stand-alone Credit Profile of Bank of China from ‘bbb-’ to ‘bbb’, maintained the Bank’s Counterparty Credit Rating at ‘A/A-1’ and ‘Stable’ rating outlook.
Credit rating change during the year of 2014
Moody's Investors Service:
On April 30, 2014, Moody’s Investor Service announced to upgrade the standalone 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.
No credit rating change during the year of 2015
Credit rating change during the year of 2016
Moody's Investors Service:
On 2 March 2016, Moody's Investors Service changed the outlook on BOC's rating to negative from stable.
Standard & Poor’s:
On December 19, 2016, Standard & Poor’s Ratings Services announced to upgrade the Stand-alone Credit Profile of BOC from ‘bbb’ to ‘bbb+’, and maintained the Bank’s Long-term/Short-term Counterparty Credit Rating at ‘A/A-1’ and ‘Stable’ rating outlook.
Credit rating change during the year of 2017
Moody’s Investors Service:
On May 24, 2017, Moody’s Investors Service announced to affirm the ‘A1/P-1’ Long-term/Short-term Foreign Currency Deposit Rating and ‘baa2’ Baseline Credit Assessment of BOC, and revised its rating outlook from ‘Negative’ to ‘Stable’.
Credit rating change during the year of 2018
Fitch:
On May 16 2018, Fitch announced to upgrade BOC’s Viability Rating from ‘bb’ to ‘bb+’, and affirmed the Long-term /Short-term Issuer Default Rating at ‘A/F1’ with ‘Stable’ rating outlook.
Moody’s Investors Service:
On May 30 2018, Moody’s Investors Service announced to upgrade BOC’s Baseline Credit Assessment from ‘baa2’to ‘baa1’, and affirmed the Long-term/Short-term Foreign Currency Deposit Rating at ‘A1/P-1’ with ‘Stable’ rating outlook.
Credit rating change during the year of 2019
Standard & Poor’s:
On March 26, 2019, S&P Global Ratings announced to upgrade the Stand-alone Credit Profile of BOC from ‘bbb+’ to ‘a-’, and affirmed the Bank’s Long-term/Short-term Counterparty Credit Rating at ‘A/A-1’ with ‘Stable’ rating outlook.
Fitch:
On Octorber 29, 2019, Fitch announced to upgrade the Short-term Foreign Currency Issuer Default Ratings of BOC from ‘F1’ to ‘F1+’, and affirmed the Bank’s Long-term Foreign Currency Issuer Default Ratings at ‘A’ with ‘Stable’ rating outlook.
