BEIJING, March 23, 2023-S&P Global (China) Ratings has assigned its AAA spc(sf) ratings to the Gongyuanzhicheng 2023-1 Non-Performing BEIJING, March 23, 2023-S&P Global (China) Ratings has assigned its AAAspc(sf) ratings to the Gongyuanzhicheng 2023-1 Non-Performing Asset Backed Securities Senior Notes. The transaction was originated by Industrial and Commercial Bank of China (ICBC).
List of Ratings:
Senior Notes: AAAspc(sf)
Methodology Applied:
S&P Ratings China--Structured Finance Methodology
Related Research:
Commentary: Understanding Our Approach to China Residential Mortgage-Backed Securities
The Post-COVID Recovery | China Outlook 2023
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
Kaiyan Li, Beijing; kaye.li@spgchinaratings.cn
