Moody's rates Bank of China CDs P-1

Moody's Investors Service said it assigned a P-1 rating to the dollar-denominated 369-day certificates of deposit to be issued by Bank of China Ltd. through its Singapore branch.

The agency said the P-1 rating is in line with the bank’s existing short-term deposit rating and reflects both the structure of the proposed issuance and the bank’s A1 long-term deposit rating.

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