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PSBC maintains leading position in China’s banking sector in 2023
|China Post News|2023-07-07

Recently, the three major international rating agencies, Moody’s, Fitch Ratings and Standard & Poor’s, successively released their rating results for the Postal Savings Bank of China (PSBC) in 2023.

On May 25, Fitch Ratings affirmed PSBC’s long-term Issuer Default Rating at A+ with a stable outlook. On June 16, Standard & Poor’s affirmed PSBC’s A long-term issuer credit rating and its stable outlook. On June 30, Moody’s affirmed its rating of PSBC’s long-term deposits of domestic and foreign currencies at A1 with a stable outlook. The rating results of PSBC made by the three major international rating agencies have maintained the excellent level in China’s banking sector for many consecutive years. Above all, PSBC has been the only Chinese bank consecutively rated “A+” by Fitch since 2017.