Export-Import Bank of China's Renminbi Bonds Assigned 'AA-' Rating And 'cnAAA' Greater China Scale Rating - S&P Global Ratings’ Credit Research

Export-Import Bank of China's Renminbi Bonds Assigned 'AA-' Rating And 'cnAAA' Greater China Scale Rating

Export-Import Bank of China's Renminbi Bonds Assigned 'AA-' Rating And 'cnAAA' Greater China Scale Rating - S&P Global Ratings’ Credit Research
Export-Import Bank of China's Renminbi Bonds Assigned 'AA-' Rating And 'cnAAA' Greater China Scale Rating
Published Apr 02, 2012
Published Apr 02, 2012
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

SINGAPORE (Standard&Poor's) April 3, 2012--Standard&Poor's Ratings Services has assigned its 'AA-' senior unsecured debt rating and 'cnAAA' Greater China scale credit rating to the following renminbi-denominated bonds issued in Hong Kong by the Export-Import Bank of China (China EXIM; AA-/Stable/A-1+; cnAAA/cnA-1+): Chinese renminbi (RMB) 3 billion bonds due 2014; and RMB1 billion bonds due 2015. The rating on China EXIM reflects our view that there is an "almost certain" likelihood that the Chinese government would provide timely and sufficient extraordinary support to the bank in the event of financial distress. We have therefore equalized the issuer credit rating on China EXIM with the sovereign credit rating on China (AA-/Stable/A-1+; cnAAA/cnA-1+).

  
Report Type:

Ratings Action

Ticker
EIBCZ@CH
Issuer
Export-Import Bank of China (The)
GICS
Specialized Finance (40201040)
Sector
Global Issuers, Structured Finance
Country
China
Region
Emerging Markets
Format:
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Export-Import Bank of China – 2012/11/30 – US$ 500.00

Summary: Export-Import Bank of China – 2012/11/30 – US$ 225.00

Export-Import Bank of China (The) – 2013/12/03 – US$ 500.00

Summary: Export-Import Bank of China (The) – 2013/12/03 – US$ 225.00

Export-Import Bank of China – 2011/12/13 – US$ 500.00

Summary: Export-Import Bank of China – 2011/11/30 – US$ 225.00

Export-Import Bank of China – 2010/11/19 – US$ 500.00

Summary: Export-Import Bank of China – 2010/11/19 – US$ 225.00

Export-Import Bank of China – 2009/10/14 – US$ 500.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Export-Import Bank of China's Renminbi Bonds Assigned 'AA-' Rating And 'cnAAA' Greater China Scale Rating" Apr 02, 2012. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Export-Import-Bank-of-China-s-Renminbi-Bonds-Assigned-AA-Rating-And-cnAAA-Greater-China-Scale-Rating-953827>
  
APA:
S&P Global Ratings’ Credit Research. (). Export-Import Bank of China's Renminbi Bonds Assigned 'AA-' Rating And 'cnAAA' Greater China Scale Rating Apr 02, 2012. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Export-Import-Bank-of-China-s-Renminbi-Bonds-Assigned-AA-Rating-And-cnAAA-Greater-China-Scale-Rating-953827>
  
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