China Lianhe Credit Rating Co. affirmed Credit Bank of Moscow’s "AA+" Chinese national scale credit rating
China Lianhe Credit Rating Co., Ltd ("Lianhe Ratings") has affirmed Credit Bank of Moscow's ("MKB") high evaluation at "AA+", on a par with major regional state-owned Chinese banks.
In assessing MKB's credit, Lianhe Ratings analysts noted its high competitiveness, good liquidity, strong profitability and capital indicators.
This rating will provide substantial support to MKB in expanding its range of operations with counterparties, in getting unique terms for settlements with China, in raising funding and attention from Asian investors.
“China for many years has been a leading trading partner of Russia, with ever expanding goods turnover and business ties. We have chosen China as a strategically prioritised region, where we can find new development opportunities and tools for our customers' businesses", - commented Vladimir Chubar, Chairman of the Management Board.
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 China Railways, China Telecom, and largest Chinese financial institutions such as China Construction Bank, China Development Bank Securities, Shanghai Pudong Development Bank, China Merchants Bank and others.