Experts: Bank rating downgrades unjustified
China's State-owned banks have been operating very stably with good capital conditions, low nonperforming loan ratios and manageable risk exposure, so it is inappropriate for Moody's to downgrade ratings on eight major Chinese lenders, experts said.
Their comments came as the US-based ratings agency on Wednesday changed to negative from stable its outlook on the banks, following the agency's affirmation of the government of China's issuer rating at A1 and changing the sovereign ratings outlook to negative from stable on Tuesday.
Fellow US-based agencies S&P Global Ratings and Fitch Ratings both confirmed with China Daily that they have made no changes to their ratings for China's major banks.