Fitch shifts China Merchants view to positive

Fitch Ratings said it revised China Merchants Bank Co., Ltd.'s outlook to positive from stable and affirmed the issuer default rating at BBB+.

“The positive outlook on the bank's long-term IDR reflects our expectation that CMB will be formally designated as a domestic systemically important bank (D-SIB) by Chinese regulators. We also expect CMB to fall into a higher bucket in the regulatory assessments of D-SIBs, which indicates higher systemic importance, than we previously anticipated,” the agency said in a press release.

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