CCXAP assigns first-time AAg rating to Industrial and Commercial Bank of China Limited, with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2021.12.1

CCXAP assigns first-time AAg rating to Industrial and Commercial Bank of China Limited, with stable outlook

Hong Kong, 1 December 2021 -- China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a first-time AA_g global-scale long-term credit rating to Industrial and Commercial Bank of China Limited (“ICBC” or the “Bank”), with stable outlook.

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This rating is unsolicited. CCXAP’s public ratings are available at www.ccxap.com (Rating Results) and may be distributed through media and other means. Methodology used in this rating is the Rating Methodology for Banks dated November 2021, available at www.ccxap.com (Rating Methodologies).