Fitch: Affirms Bank of Communications (03328.HK) "A" long-term foreign currency issuer rating, outlook "Stable"

On October 27, Fitch confirmed that the long-term foreign currency Issuer Default Rating (IDR) of Bank of Communications Co. Ltd. (referred to as "Bank of Communications", 03328.HK, 601328.SH) is "A", the Government Support Rating (GSR) is "a", and the short-term IDR is "F1+". The outlook for the long-term IDR is stable. Fitch also upgraded the bank's Viability Rating (VR) from "bb+" to "bbb-". This VR is consistent with the implied VR.