Moody's: Affirms ICBC Standard's "Baa1" long-term issuer rating, outlook "stable"

On November 9, Moody's confirmed the baseline credit assessment (BCA) of Industrial and Commercial Bank of China Standard Bank Plc (ICBC Standard Bank Plc, referred to as "ICBC Standard") at "ba2", and its adjusted BCA at "baa1"; its long-term and short-term deposit ratings at "Baa1/P-2", its long-term issuer rating at "Baa1", and the rating on its senior unsecured medium-term note (MTN) program at "(P)Baa1". Moody's also confirmed the bank's long-term and short-term counterparty risk assessments at "A2(cr)/Prime-1(cr)", and its long-term and short-term counterparty risk ratings (CRR) at "A3/Prime-2".