Oct 27 — FITCH affirmed long‑term foreign‑currency issuer default ratings of six large state-owned commercial banks at A, outlook stable, and raised their Viability Ratings: Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), China Construction Bank (CCB) and Bank of China (BOC) to bbb+; Postal Savings Bank of China (PSBC) to bbb; Bank of Communications (BoCom) to bbb-. FITCH said the upgrades reflect stronger business profiles supporting credit resilience through t

Oct 27 — FITCH affirmed long‑term foreign‑currency issuer default ratings of six large state-owned commercial banks at A, outlook stable, and raised their Viability Ratings: Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), China Construction Bank (CCB) and Bank of China (BOC) to bbb+; Postal Savings Bank of China (PSBC) to bbb; Bank of Communications (BoCom) to bbb-. FITCH said the upgrades reflect stronger business profiles supporting credit resilience through the cycle and an improving China banking operating environment; it raised China’s operating‑environment score from bbb- to bbb, outlook stable. China International Capital Co said major listed banks’ asset quality indicators are supported by high‑quality client bases and risk controls, keeping overall earnings stable.