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Prospect News home > News index > List of issuers I > Headlines for Industrial and Commercial Bank of China (New Zealand) Ltd. > News item |
Moody’s rates ICBC New Zealand program A1
Moody's Investors Service said it assigned a provisional A1 program rating to Industrial and Commercial Bank of China (New Zealand) Ltd.’s (A1 stable) retail medium term note program.
The outlook is stable.
The rating is aligned with the bank's existing A1 long-term issuer rating.
Moody’s said the bank’s ratings incorporate a very high probability of parental support, due to the existence of a guarantee provided by its parent, Industrial and Commercial Bank of China Ltd. (A1/stable/P-1).
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