Fitch: Postal Savings Bank of China A+

Fitch Ratings said it published Postal Savings Bank of China Co Ltd.'s long-term issuer default rating of A+ and short-term issuer default rating of F1+.

The outlook is stable.

The agency also published the bank's support rating of 1, support rating floor of A+ and viability rating of bb

Fitch said the bank's issuer default ratings are at its support rating floor; the issuer default ratings’ strong linkage to China's sovereign rating (A+/stable/F1+) reflects the extremely high probability of the central government supporting the bank in a timely manner in the event of stress.

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