(Editors' note: This is an update of the commentary published on May 12, 2022, with minor changes on the cutoff points in table 7.)

According to our financial institution (“FI”) rating criteria, we typically determine the stand-alone credit profile (“SACP”) based on our assessment of an institution’s anchor, a starting point, and then incorporating its own characteristics compared with the anchor. The entity-specific factors that we may use to adjust from the anchor include business position, capital & earnings, risk position, and funding & liquidity. We then determine the issuer credit ratings (“ICR”) based on the SACP and our assessment of potential group or government influence in time of stress.

2024年10月8日，中建方程投资发展集团有限公司（以下简称“中建方程”）发布《中建方程投资发展集团有限公司关于董事、监事、高级管理人员变更的公告》称，根据中国建筑股份有限公司（以下简称“中建股份”）决定，陈新同志任中建方程董事会董事、总经理，刘玉翔同志任中建方程董事会外部董事。本次人员变更后，中建方程监事职位处暂时空缺状态，尚待中建股份后续任命。

标普信用评级（中国）有限公司（以下简称“标普信评”）认为，上述人事变动属于国企正常人事调整，不影响中建方程的信用质量。中建方程的职能定位并未改变，其仍然作为中建股份重要的投资平台，中建股份对中建方程的支持程度维持“高”。