Core Viewpoint - China Chengxin International Credit Rating Co., Ltd. announced the termination of its credit rating for Taixing Rural Commercial Bank and related debt instruments due to the bank's decision to end cooperation with the rating agency [1][4]. Group 1: Rating Termination - Taixing Rural Commercial Bank issued "22 Taixing Rural Commercial Bank Tier 2 Capital Bond 01" in October 2022, rated by China Chengxin International [4]. - The bank maintained a credit rating of AA with a stable outlook and the bond rated A+ until the termination notice was received on August 7, 2025 [4]. - Following the termination, the previous ratings will become invalid and will not be updated [4]. Group 2: Regulatory Violations - Prior to the termination, Taixing Rural Commercial Bank received an administrative penalty from the People's Bank of China for serious regulatory violations, including seven specific infractions [5][6]. - The violations included breaches of financial statistical management, account management, and customer identity verification regulations [5][6]. - The bank was fined 2.49 million yuan, with the penalty information publicly available for three years [6][7]. Group 3: Bank Profile and Financial Performance - Taixing Rural Commercial Bank was established in December 2012, with a registered capital of 585 million yuan and total assets exceeding 50 billion yuan [7]. - As of the end of December, the bank's total assets reached 52.431 billion yuan, with deposits of 44.894 billion yuan and loans of 34.758 billion yuan [7]. - The bank reported a non-performing loan rate of 1.098%, a decrease of 0.05 percentage points from the beginning of the year, and a loan provision coverage ratio of 508.88%, an increase of 35.44 percentage points [7].