Lianhe Global has assigned ‘BBB+’ global scale Long-term Issuer Credit Rating with Stable Outlook to Bank of Tangshan Co., Ltd. (“BOTS” or “the bank”)
The Issuer Rating reflects BOTS’s established market position in Hebei Province’s Tangshan City (“Tangshan”), stable asset quality, adequate capitalization, good profitability as well as strong funding and liquidity profile. In addition, we expect that there is a high possibility that Tangshan Municipal People’s Government (“the Tangshan government”) would provide strong support to BOTS if needed, considering BOTS’s strategic position and the strong linkage between the Tangshan government and BOTS. At the same time, we also consider BOTS’s operating scale as a regional city commercial bank and its loans concentration risk.
The Stable Outlook reflects our expectation that BOTS will maintain its established market position, stable operation, and linkage with the Tangshan government.