CCXAP assigns first-time long-term credit rating of BBBg to Zhejiang Nanxun Rural Commercial Bank Co., Ltd., with stable outlook | News & Events | China Chengxin (Asia Pacific) Credit Ratings Company Limited

2024.5.13

CCXAP assigns first-time long-term credit rating of BBBg to Zhejiang Nanxun Rural Commercial Bank Co., Ltd., with stable outlook

Hong Kong, 13 May 2024 – China Chengxin (Asia Pacific) Credit Ratings Company Limited (“CCXAP”) has assigned a first-time BBB_g long-term credit rating to Zhejiang Nanxun Rural Commercial Bank Co., Ltd. (“NRCB” or the “Bank”), with stable outlook.

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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).