BEIJING, November 25, 2022- S&P Global (China) Ratings has assigned its rating AAAspc(sf) to Zhongyu 2022-3 Non-Performing Asset Backed Securities (Zhongyu 2022-3) Senior Notes. The transaction was originated by Bank of China (BOC).
List of Preliminary Ratings:
Senior: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Consumer Asset-Backed Securities
Pressure and Challenges Ahead | China Mid-Year Credit Quality Trends 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
Jiarong Li, Beijing; jiarong.li@spgchinaratings.cn
Kaiyan Li, Beijing; kaye.li@spgchinaratings.cn
