Moody’s Investors Service upgraded China CITIC Bank’s bank financial strength rating (BFSR) to D from D-. At the same time, Moody’s upgraded the bank’s long-term and short-term deposit
ratings to Baa2/P-2 from Baa3/P-3. The outlook for all ratings is stable.
— www.theasianbanker.com (July 31 2007)–