|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||9.78 - 9.85|
|52 Week Range||7.57 - 10.61|
|Beta (5Y Monthly)||0.59|
|PE Ratio (TTM)||4.37|
|Forward Dividend & Yield||0.70 (7.16%)|
|Ex-Dividend Date||Jun 08, 2021|
|1y Target Est||N/A|
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Agricultural Bank of China LimitedGlobal Credit Research - 09 Apr 2021Hong Kong, April 09, 2021 -- Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Agricultural Bank of China Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review discussion held on 1 April 2021 in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
China does not have an operational resolution regime. Moody's therefore applies a basic Loss Given Failure approach in rating the debt securities of Chinese banks.The Preliminary Rating Assessment on the senior unsecured debt, representing Moody's view of the expected loss on the senior unsecured debt in the absence of government support and before considerations of local and foreign currency country ceilings, is at the same level as the Adjusted BCA. Moody's assesses that, in times of need, ABC would receive a very high level of support from the Chinese government, resulting in a three-notch uplift to the Preliminary Rating Assessment on counterparty risk rating to A1 and counterparty risk assessment to A1(cr); and four-notch uplift to the Preliminary Rating Assessment on the senior unsecured debt, to A1.FACTORS THAT COULD LEAD TO AN UPGRADE OR DOWNGRADE OF THE RATINGSThe ratings on the proposed senior unsecured notes are in line with ABC's long-term deposit rating.
Rating Action: Moody's assigns A1 rating to Agricultural Bank of China Limited Macao Branch's MTN drawdown; outlook stableGlobal Credit Research - 23 Feb 2021Hong Kong, February 23, 2021 -- Moody's Investors Service, ("Moody's") has assigned (P)A1/(P)P-1 local and foreign currency senior unsecured medium-term note (MTN) programme ratings to Agricultural Bank of China Limited (ABC), Macao Branch. As such, Moody's could upgrade ABC's rating if China's senior unsecured rating is upgraded.Moody's could upgrade ABC's BCA if China's credit conditions improve with strong economic recovery supported by a less intensive credit growth, and the bank's (1) capitalization strengthens, with an improvement in its Common Equity Tier 1 (CET1) ratio consistently above 11%, (2) its NPL provision coverage ratio is consistently maintained at the current level; (3) its assets and profitability are maintained at around the current level consistently.Conversely, Moody's could downgrade the long-term deposit rating if the government's willingness or capability to support the bank weakens.Moody's could downgrade ABC's BCA if the operating environment weakens significantly, for example, if China's economic growth moderates further or corporate financial leverage continues to increase.