Fitch affirms Shanghai Commercial Bank

Fitch Ratings said it affirmed Shanghai Commercial Bank Ltd.'s long-term issuer default rating at A-, short-term foreign-currency issuer default rating at F2 and viability rating at A-.

The outlook is stable.

The ratings reflect its strong risk absorption ability, underpinned by robust capitalization, modest loan-to-value ratios and satisfactory collateral, Fitch said.

The bank's prudent liquidity management also was taken into account, the agency said.

The ratings are constrained by its small market position and high concentration in the bank and property sectors, Fitch said.

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