BEIJING, June 28, 2022- S&P Global (China) Ratings has assigned its rating AAA_spc(sf) to Zhongyu 2022-2 Non-Performing Asset Backed Securities (Zhongyu 2022-2) Senior Notes. The transaction was originated by Bank of China (BOC).

List of Ratings:

Senior: AAA_spc(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

Siyue Zhu, Beijing;     april.zhu@spgchinaratings.cn

Jieqiong Du, Beijing;      jieqiong.du@spgchinaratings.cn