Moody's assigns A1 rating to MTN drawdowns by Agricultural Bank of China, New York Branch
Rating Action: Moody's assigns A1 rating to MTN drawdowns by Agricultural Bank of China, New York Branch. Global Credit Research- 11 Jan 2022. Hong Kong, January 11, 2022-- Moody's Investors Service has assigned A1 ratings to the following proposed US dollar-denominated senior unsecured notes to be issued by the Agricultural Bank of China Limited, New York Branch.AGRICULTURAL BANK OF CHINA LIMITED is a China-based commercial bank. The Bank mainly operates through four business segments. The Corporate Finance segment is engaged in the deposit and loan business, small and micro business finance, settlement and cash management, trade financing and investment banking, among others. The Personal Finance segment is engaged in personal deposit and loan, credit card business and private banking business. The Treasury segment is engaged in money market business and investment portfolio management. The Asset Management segment is engaged in the provision of financial services, asset custody business, pension business and precious metal business.
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