On November 26th, Fitch confirmed the default rating of China Industrial and Commercial Bank of China Co., Ltd. (Industrial and Commercial Bank of China Limited.,: "Industrial and Commercial Bank of China", 01398.HK 601398.SH) "A" long-term foreign currency issuer default rating and "F1 +" short-term IDR, viability rating (VR) is "bbb". The prospect is "stability".
Fitch is in the process of withdrawing Industrial and Commercial Bank of China's support rating and support rating bottom line because after it announced the updated bank rating standards on November 12, 2021, the support rating and support rating bottom line is no longer related to Fitch's coverage. Based on the updated criteria, Fitch rated Industrial and Commercial Bank of China's government support rating (GSR) as "a".