Shanghai Pudong Development Bank - Foreign Currency Ratings Upgraded; Outlook Remains Stable

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Shanghai Pudong Development Bank (SPDB) to 'BBB+' and 'A2', respectively, from 'BBB' and 'A3'. At the same time, CI Ratings has affirmed both SPDB's Bank Standalone Rating (BSR) and Core Financial Strength (CFS) rating at 'bbb-'. The Outlook for the LT FCR and BSR remains Stable.

Attachments

• Rating Announcement (CRA)
  PDF Download Available
  

Sign up here as a Member to view the CRA or to purchase the related report.