Moody’s Investors Service kept listed China Banking Corp.’s (China Bank) investment grade rating of “Baa2” with a stable outlook. In a filing on Friday, China Bank said that in its November 27 report, the New York-based credit rating agency said the bank’s rating was underpinned by stable capitalization and profitability, as well as strong support from key shareholders. Moody’s move to maintain the rating also took into account its expectation of risks to the bank’s asset quality from the economic shock caused by the coronavirus pandemic, it added “We are very pleased to have maintained the investment grade rating from Moody’s, which confirms the bank’s solid fundamentals and resilience. We are proud that despite the challenging economic environment in 2020, we are able to continue to serve and support our customers and face the difficulties from a position of strength,” China Bank President William Whang was quoted as saying in the filing. China Bank shares shed 20 centavos or 0.38 percent to close at P25.90 each on Friday. FAYE ALMAZAN