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Banking and insurance highlights to 09:15 GMT


Published :
Thu, 11 Jan 2007 10:32
By : Agencies
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2007-01-11 08:14:06

China's BoComm assigned 'AA' long-term issuer rating- Xinhua Far East

BEIJING (XFN-ASIA) - Xinhua Far East China Ratings said it has assigned Bank

of Communications (BoComm) an 'AA' long-term issuer rating, reflecting the

strong support that the bank is expected to receive as a result of being

majority owned by government entities.

2007-01-11 08:13:28

China Merchants Bank assigned 'AA-' long-term issuer rating -Xinhua Far East

BEIJING (XFN-ASIA) - Xinhua Far East China Ratings said it has assigned

China Merchants Bank (CMB) an 'AA-' long-term issuer rating, reflecting the

bank's leading market position in retail banking, its fast-growing non-interest

income stream and its relatively strong prudent risk management system.

2007-01-11 08:10:59

Allianz considers paying 34 mln eur fine to cartel office - report

FRANKFURT (AFX) - Allianz SE is considering paying a 34 mln eur fine for

alleged price-fixing in the industrial insurance market which it formerly

appealed, the daily Financial Times Deutschland reported, citing industry

sources.

2007-01-11 08:10:30

Shenzhen Devpt Bank assigned 'BBB' long-term issuer rating - Xinhua Far East

HONG KONG (XFN-ASIA) - Xinhua Far East China Ratings said it has assigned

Shenzhen Development Bank (SDB) a 'BBB' long-term issuer rating.

2007-01-11 08:00:18

China's BoComm assigned 'AA' long-term issuer rating- Xinhua Far E

BEIJING (XFN-ASIA) - Xinhua Far East China Ratings said it has assigned Bank

of Communications (BoComm) an 'AA' long-term issuer rating, reflecting the

strong support that the bank is expected to receive as a result of being

majority owned by government entities.

2007-01-11 08:00:17

China Merchants Bank assigned 'AA-' long-term issuer rating -

BEIJING (XFN-ASIA) - Xinhua Far East China Ratings said it has assigned

China Merchants Bank (CMB) an 'AA-' long-term issuer rating, reflecting the

bank's leading market position in retail banking, its fast-growing non-interest

income stream and its relatively strong prudent risk management system.




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