Core Viewpoint - China Chengxin International has assigned a "AAA" rating to Huishang Bank's 2025 subordinated capital bonds, highlighting the bank's significance in the national and Anhui financial system, as well as its strong brand recognition and growth prospects in the region [1]. Group 1: Credit Strengths - Huishang Bank is recognized for its importance in the national and Anhui financial systems, benefiting from a favorable development outlook in its operating location [1]. - The bank has a high brand recognition in the local market and has expanded its business through five branches outside the province, providing greater growth opportunities [1]. Group 2: Challenges - The bank faces several challenges, including downward pressure on loan quality and ongoing risk asset disposal from Baoshang Bank [1]. - Profitability growth is under pressure, and liquidity management presents certain difficulties [1]. - There is ongoing pressure to supplement core Tier 1 capital [1]. Group 3: Government Support - The rating also takes into account the support from the central government and the Anhui provincial government for Huishang Bank [1]. Group 4: Future Outlook - China Chengxin International believes that Huishang Bank's credit level will remain stable over the next 12 to 18 months [2].
徽商银行股份有限公司2025年二级资本债券获“AAA”评级