又一银行信用评级被下调！

Core Viewpoint - The credit rating of Hunan Changde Rural Commercial Bank has been downgraded from AA to A+ due to significant increases in non-performing loans and declining asset quality, amidst macroeconomic fluctuations and real estate sector risks [2][4][5]. Group 1: Credit Rating Downgrade - Changde Rural Commercial Bank is the second commercial bank to have its credit rating downgraded this year, following Shanxi Yuci Rural Commercial Bank [3][12]. - The downgrade is attributed to three main factors: rising non-performing loan rates, reduced profitability, and declining capital adequacy [4][8][9]. Group 2: Asset Quality Concerns - As of the end of 2024, the non-performing loan rate of Changde Rural Commercial Bank exceeded 4.8%, with overdue loans accounting for 11.4% of total loans [5]. - The bank's provision coverage ratio has dropped to around 95%, below regulatory requirements, indicating significant asset quality pressures [5][9]. Group 3: Profitability Issues - Despite growth in the scale of profitable assets and a substantial increase in non-interest income, the bank's net interest margin has narrowed, leading to a significant decline in net profit, which was only 0.03 billion yuan in 2024 [7][8]. Group 4: Capital Adequacy Challenges - The capital adequacy ratios of the bank have fallen below regulatory requirements, with the core Tier 1 capital ratio at 6.75% and total capital ratio at 8.08% as of March 2025 [9]. - The bank faces substantial pressure for capital replenishment due to a large volume of difficult-to-dispose collateral assets [8][10]. Group 5: Industry Context - The trend of downgrading credit ratings for small and medium-sized banks has been prevalent, with over 10 banks experiencing downgrades annually from 2018 to 2021 [23]. - Recent years have seen a wave of mergers and restructuring in the banking sector, with a focus on risk mitigation and strengthening operational foundations [24][27].