年内首家！这家银行评级被三连降

Core Viewpoint - The credit rating of Shanxi Yuci Rural Commercial Bank has been downgraded by China Chengxin International from BB to BB-, marking the first downgrade of a commercial bank's credit rating this year [1][2]. Group 1: Reasons for Downgrade - The bank's non-performing loans have increased rapidly, with a non-performing loan ratio reaching 34.43% and a significant shortfall in loan loss provisions, with a coverage ratio of only 0.38% [2][3]. - Loan growth has been weak, leading to a negative net interest margin of -0.53% and a net loss of 206 million yuan for the year, which is an increase of nearly 110 million yuan year-on-year [2][3]. - The bank is facing severe capital shortages, with core Tier 1 capital adequacy ratio and total capital adequacy ratio at -23.87% and -21.26%, respectively, and many shareholders listed as dishonest [2][3]. Group 2: Historical Context - The bank has experienced three consecutive downgrades since 2021, with its credit rating falling from A+ to BB- over this period [1][4][6]. - The bank's financial reports from 2021 to 2024 have consistently received qualified audit opinions, indicating ongoing financial distress [7]. Group 3: Industry Trends - The trend of downgrading ratings for small and medium-sized banks has been prevalent, with over 10 banks experiencing downgrades annually from 2018 to 2021 [8]. - Recent reforms and mergers in the banking sector aim to mitigate risks and strengthen operational foundations, with local government capital injections becoming more common [8][9]. - The support from local governments is seen as a significant positive factor for banks, potentially leading to improved capital adequacy and credit ratings [9].