Bank of China Ltd.: R&I Affirms A/a-1, Stable
(WorldNews Japan)

Aug 16, 2018 R&I Affirms A/a-1, Stable: Bank of China Ltd. Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Bank of China Ltd. Issuer Rating: A, Affirmed Rating Outlook: Stable Short-term Debts: a-1, AffirmedRATIONALE: Bank of China Ltd. (BOC) is one of China`s four major state-owned commercial banks and ranks fourth in China in terms of total asset size. BOC had handled China`s foreign currency management as a specialized foreign exchange bank until it transformed into a commercial bank in 1994. Thus, BOC has the largest overseas network among Chinese banks and maintains advantage in foreign exchange-related operations. The...