Lianhe Global has assigned ‘A+’ global scale Long-term Issuer Credit Rating with Stable Outlook to Bank of Qingdao Co., Ltd. (“BQD”)
The Issuer Rating reflects BQD’s established market position in Shandong’s Qingdao City (“Qingdao”), stable asset quality, good profitability as well as strong funding and liquidity profile. The rating is also underpinned by a high possibility of extraordinary government support if needed, given BQD’s strategic importance in maintaining regional financial stability and supporting the local real economy, especially in Qingdao and Shandong Province. We also consider BQD’s capital adequacy and operating scale as a regional city commercial bank and its loan concentration risk.