Fitch: Affirms ICBC (01398.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 Industrial and Commercial Bank of China Limited (ICBC, 01398.HK, 601398.SH) is "A", the short-term issuer default rating is "F1+", and the Government Support Rating (GSR) is "a". The long-term IDR outlook is stable. Fitch also upgraded the bank's Viability Rating (VR) from "bbb" to "bbb+".