BEIJING, June 15, 2022-S&P Global (China) Ratings has assigned its AAAspc(sf) ratings to the Senior Notes of the Xingrui 2022-1 Non-Performing Asset Backed Securities. The NPL securitization transaction was originated by Industrial Bank Co., Ltd (CIB).
List of Ratings:
Senior Notes: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Seeking Growth and Stability | China Outlook 2022
FAQs on Banks’ Nonperforming Assets and Securitization
Media Contacts:
Sharon Tang, Beijing, (86)10-6569-2988; sharon.tang@spgchinaratings.cn
Analyst Contacts:
Enjie Zhang, Beijing; enjie.zhang@spgchinaratings.cn
Kaiyan Li, Beijing; kaye.li@spgchinaratings.cn
Siyue Zhu, Beijing; april.zhu@spgchinaratings.cn
