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Bank of Shanghai's Issuer Credit Rating Gets "AAA" From Rating Firm

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Shanghai Brilliance Credit Rating and Investors Service affirmed Bank of Shanghai's (SHA:601229) issuer credit rating at "AAA" due to its "extremely strong capacity" to pay debt, according to a Shanghai bourse filing on Tuesday.

The rating agency also maintained the "AAA" rating on the bank's bonds.

Shanghai Brilliance Credit Rating maintained a stable outlook for the lender as its credit profile is expected to remain stable over the next 12 months.

The lender's shares rose 1% during the morning trade.

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