Industrial bank ratings affirmed at AAA stable

Shanghai Brilliance Credit Rating & Investors Service Co., Ltd. affirmed Industrial Bank Co., Ltd.'s AAA credit rating with a stable outlook, citing the bank's strong capital position, and optimized business and profit structure. The rating agency also affirmed the AAA ratings for several bond issuances by Industrial Bank. The report highlights that Industrial Bank benefits from external support as a systemically important bank in China, noting its ability to obtain shareholder and government backing. Despite economic headwinds and increased competition, the agency expects Industrial Bank to maintain its credit quality over the next 12 months. Key factors supporting the rating include Industrial Bank's strong capital adequacy, proactive efforts in green finance, and the "trinity" strategic initiatives. Challenges include managing credit risks, especially in real estate financing, and managing the relatively high proportion of interbank liabilities.