Moody's gives Bank of China notes A1

Moody's Investors Service said it assigned a provisional A1 rating to Bank of China Ltd.'s (BOC) $10 billion medium-term note program.

The outlook is stable.

"The (P)A1 rating is line with BOC's long-term deposit rating and reflects the structure of the proposed issuance," Moody's vice president and senior credit officer Christine Kuo said in a news release.

In addition, the agency assigned a P-1 rating to the $10 billion overseas credit certificate program to be established by Bank of China Ltd., Hong Kong Branch.

"The rating is line with BOC's existing short-term deposit rating, reflecting both the structure of the proposed issuance and BOC's A1 long-term deposit rating," Kuo said in the release.

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