S&P affirms Postal Savings Bank of China

S&P said it affirmed it’s a long-term and A-1 short-term issuer credit ratings on the Postal Savings Bank of China Co. Ltd.

The outlook is stable.

“We affirmed the ratings to reflect our expectation that PSBC will maintain a moderate capital level amid heightened economic risk in China for the next two years,” the agency said in a news release.

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