SINGAPORE (Standard&Poor's) Aug. 25, 2004--Standard&Poor's Ratings Services today assigned its 'BBB+' senior unsecured long-term foreign currency ratings to the Export-Import Bank of China's (China EXIM; BBB+/Stable/A-2) US$250 million 5.25% global bonds due July 29, 2014. These bonds are a reopening of the US$750 million 5.25% global bonds due July 29, 2014, issued on July 23, 2004, which it will form a single series with. "Standard&Poor's issuer credit ratings on China EXIM are the same as those assigned to People's Republic of China (PRC; BBB+/Positive/A-2), reflecting the strong support from the government, its sole owner, and the bank's policy role in promoting export financing," said Standard&Poor's credit analyst Ping Chew, director of Emerging
