BEIJING, September 28, 2022- S&P Global (China) Ratings today announced that it has withdrawn its rating on the Senior Notes of the Zhongyu 2022-2 Non-Performing Asset Backed Securities (Zhongyu 2022-2) follows the complete paydown of the notes as reflected in the trustee report for the transaction, which was originated by Bank of China (BOC).

Rating Withdrawn:

Senior Notes: 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