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Corporate Credit Ratings

Credit Raitings of China Merchants Bank Co., Ltd.

Rating Agency

Category

Ratings

Effective Date

Standard & Poor's

Long Term Foreign/Local Curreny Deposit Rating

BBB

24/7/2013

Outlook

Stable

Short Term Foreign/Local Curreny Deposit Rating

A-2

Fitch

Foreign Long Term Issuer Deposit Rating

BBB

20/12/2013

Outlook

Stable

Short Term Issuer Deposit Rating

-

Viability

bb-

Moody's

Long Term Issuer Level Rating

Baa1

21/05/2014

Outlook

Stable

Short Term Issuer Level Rating

P-2

Bank Financial Strength/Base Credit Assessment

D+/baa3

Note: the above credit ratings are in effective since effective dates(including).If the credit ratings have been updated, please use the latest credit ratings of China Merchants Bank Co., Ltd..