S&P Withdraws A Rating on China Construction Bank Sydney Branch's CD Program

MT Newswires Live12-12

S&P Global Ratings has withdrawn the A rating on China Construction Bank (HKG:0939, SHA:601939) Sydney branch's $20 billion certificate of deposit (CD) program, according to a Friday release.

The issuer opted for the rating withdrawal, S&P said.

The withdrawal does not impact the bank's issuer credit ratings, the rating agency said.

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