登录新浪财经APP 搜索【信披】查看更多考评等级 发债企业舆情及点评 淮安宏信票据逾期异议申请！流动性压力再论断 涉及发行人：淮安市宏信国有资产投资管理有限公司 2025年11月7日，淮安市宏信国有资产投资管理有限公司（简称"公司"）被列入上海票据交易所披露的承兑人逾期名单，票据逾期余额200.00万元。近期 公司就上述逾期事项向上海票据交易所发布异议申请公告：因"票据已冻结，无法应答"，导致公司无法进行兑付，发生票据逾期200.00万元。公司已收集 票面信息、付款失败截屏、法院冻结通知书作为申请附件。向申请上海票据交易所协助完成票据逾期异议处理。 邦得点评 涉及发行人：常德农村商业银行股份有限公司 2025年前三季度，公司实现营业收入5亿元，同比下滑17.59%，净利润0.02亿元，同比下滑49.64%，资本充足率、一级资本充足率、核心一级资本充足率 分别为8.08%、6.71%、6.71%。 邦得点评 常德农村商业银行股份有限公司（简称"常德农商行"或"公司"）为地方国有背景区域性中小农商行，第一大股东为常德市德源产业投资有限公司，持股比 例9.80%，前五大股东均为当地国企，国企合计持股比例超过三成，整 ...

Core Viewpoint - The credit ratings of small and medium-sized banks are showing significant differentiation, with some banks experiencing upgrades while others face downgrades due to performance and asset quality issues [1][3][4]. Summary by Category Credit Rating Changes - As of August 20, 9 local banks have had their credit ratings upgraded, while 4 banks have seen downgrades, with some institutions experiencing a decline in ratings for three consecutive years [1][3]. - The banks with upgraded ratings include Qinhuangdao Bank, Rizhao Bank, Shaoxing Bank, Changcheng Huaxi Bank, Hankou Bank, Jiangsu Changjiang Bank, Wuhan Rural Commercial Bank, Zhejiang Yuhang Rural Commercial Bank, and Fudian Bank, all showing stable operational performance and improving asset quality [3]. Reasons for Upgrades - The upgrades are attributed to strong performance and improvements in ownership structure, with regional economic conditions and support from state-owned capital being emphasized in several rating reports [3]. - For instance, Shaoxing Bank's rating report highlighted an increase in state-owned shareholding to 66.94%, indicating expected future support from the local government [3]. Reasons for Downgrades - The 4 banks that faced downgrades—Pingyao Rural Commercial Bank, Guizhou Huaxi Rural Commercial Bank, Changde Rural Commercial Bank, and Shanxi Yuci Rural Commercial Bank—exhibited significant declines in profitability and asset quality [4]. - Notably, Shanxi Yuci Rural Commercial Bank's rating was downgraded from BB to BB- for the third time since 2021, with its non-performing loan ratio rising from 16.94% to 34.43% over two years [4]. Impact of Credit Rating Changes - Downgrades in credit ratings signal potential further deterioration in bank performance, leading to increased financing costs, particularly in the interbank market [6][7]. - The overall banking sector is currently facing risk exposure, with small and medium-sized banks in high-risk areas potentially facing significant capital replenishment pressures [7]. Market Dynamics - The competitive landscape is shifting, with larger banks gaining an advantage over smaller banks, particularly in underdeveloped regions where small banks are crucial but face fundamental weaknesses [7]. - The ongoing economic transformation and tightening regulatory policies are contributing to a decline in credit demand, further straining the profitability of small banks [7].

Core Viewpoint - Changde Rural Commercial Bank is facing significant operational pressure due to deteriorating asset quality, declining profitability, and substantial capital replenishment pressure, leading to a downgrade in its credit rating by China Chengxin International Credit Rating Co., Ltd [1][2][7]. Financial Performance - From 2022 to 2024, Changde Rural Commercial Bank's operating income decreased from 999 million yuan to 806 million yuan, and net profit plummeted from 131 million yuan to 2.58 million yuan, representing declines of 18.7% and 98% respectively [3][4]. - In 2024, the bank's net interest income was 603 million yuan, down 18.11% year-on-year, while non-interest income showed a negative trend with net fees and commissions at -127,270 yuan [4][5]. Asset Quality - As of March 2025, the bank's total assets were 38.831 billion yuan, with total loans at 25.297 billion yuan, and a non-performing loan (NPL) ratio of 4.88% [1][8]. - The bank's NPL balance increased to 1.134 billion yuan by the end of 2024, a 73% increase from the previous year, with a significant rise in the proportion of NPLs due to weak risk-bearing capacity among personal and small micro clients [7][8]. Capital Adequacy - The bank's capital adequacy ratio stood at 8.08% as of March 2025, with both the Tier 1 capital adequacy ratio and core Tier 1 capital adequacy ratio at 6.75%, all below regulatory requirements [1][8]. - The bank's provision coverage ratio fell to 67.57% by March 2025, significantly below the regulatory threshold, indicating a pressing need for capital replenishment [8]. Market Position - As of the end of 2024, Changde Rural Commercial Bank held a market share of 14.56% in deposits and 14.37% in loans within Changde City, ranking second and first respectively [2].