S&P: Grants Ningbo Bank (002142.SZ) a "BBB" long-term issuer credit rating outlook as "stable"

On June 12, Standard & Poor's awarded Bank of Ningbo Co. Ltd. (referred to as "Bank of Ningbo" 002142.SZ) a "BBB" long-term and "A-2" short-term issuer credit rating. The long-term rating outlook is stable.