Core Viewpoint - China Chengxin International has assigned an "AA-" rating to Tai'an Bank's perpetual capital bonds, highlighting the bank's significant position in the local financial system and its deposit stability, while also noting various challenges it faces [1]. Group 1: Credit Rating and Stability - Tai'an Bank has received an "AA-" rating for its perpetual capital bonds from China Chengxin International [1]. - The credit level of Tai'an Bank is expected to remain stable over the next 12 to 18 months [2]. Group 2: Challenges and Risks - The bank faces challenges such as vulnerability to local economic fluctuations, high loan industry and customer concentration, downward pressure on asset quality, weak profitability, and liquidity risk management pressures [1]. - The rating also takes into account the support from the Tai'an municipal government [1]. Group 3: Company Background - Tai'an Bank was established in June 2001 through the merger of nine urban credit cooperatives and was officially opened as Tai'an Commercial Bank in June 2007, later renamed Tai'an Bank Co., Ltd. in November 2015 [1].