China Lianhe Credit Rating Co., Ltd ("Lianhe Ratings") has assigned "AA+" Chinese national scale credit rating to CBM
In assessing the creditworthiness of Credit Bank of Moscow ("CBM"), Lianhe Ratings analysts noted its high assets quality, adequate liquidity position, traditionally strong profitability and capital indicators. In addition, they appreciated the Bank's high standards of corporate governance and disclosure.
This rating will provide substantial support to CBM in developing relations with counterparties The Bank plans to continue developing actively its business in China and Asia as a whole.
China for many years has been a leading trading partner of Russia, with ever expanding goods turnover and business ties. It is therefore a priority for CBM to participate in programmes promoting Sino-Russian relations and cooperation and, in particular, support projects related to the Belt and Road Initiative.
Founded in 2000, Lianhe Ratings is today one of the largest rating agencies of China with a market share of c. 30%. It employs around 350 analysts covering a portfolio of 3,856 issuers, including Sinopec, China Telecom, and largest Chinese financial institutions such as China Construction Bank, China Development Bank Securities, Everbright Bank, Minsheng Bank and others.