Core Viewpoint - The rating agency China Chengxin International has assigned an "AA" rating to the first phase of Zhejiang Mintai Commercial Bank's secondary capital bonds, highlighting the bank's strong regional economic environment and its significant role in local financial systems, while also noting challenges such as asset quality pressure and liquidity risk [1][2]. Group 1: Company Overview - Zhejiang Mintai Commercial Bank primarily engages in various banking services including deposits, loans, domestic and international settlements, and securities investment [2]. - The bank has a total of 14 branches and 250 sub-branches as of March 2025, with a focus on providing specialized financial services to small enterprises in the Taizhou region [2]. - The bank has expanded its operations beyond Taizhou, establishing branches in multiple cities across Zhejiang Province and initiating 10 village banks in various regions [2]. Group 2: Credit Rating Insights - China Chengxin International recognizes the bank's credit strengths, including its diversified credit assets and improved capital adequacy through capital increases [1]. - The agency also points out the challenges faced by the bank, such as declining non-performing loan coverage and the need for enhanced profitability [1]. - The credit rating is expected to remain stable over the next 12 to 18 months [2].