ICBC Financial Leasing Co. Ltd. And ICBCIL Finance Co. 'A/A-1' Ratings Affirmed; Outlook Stable

We continue to view ICBCFL and ICBCIL Finance as core subsidiaries of the ICBC group. We expect the companies to benefit from potential extraordinary government support to the parent bank. We are therefore affirming our 'A/A-1' issuer credit ratings on ICBCFL and ICBCIL Finance. We are also affirming our 'A-/A-2' ratings on the rated issues of ICBCIL Finance. The stable outlook on the two companies reflects the outlook on the parent bank and our expectation that the companies will remain core subsidiaries of the parent over the next two years. HONG KONG (S&P Global Ratings) June 17, 2016--S&P Global Ratings said today that it had affirmed its 'A' long-term and 'A-1' short-term issuer credit ratings on ICBC Financial Leasing Co.

...+ We continue to view ICBCFL and ICBCIL Finance as core subsidiaries of the ICBC group. We expect the companies to benefit from potential extraordinary government support to the parent bank. + We are therefore affirming our 'A/A-1' issuer credit ratings on ICBCFL and ICBCIL Finance. + We are also affirming our 'A-/A-2' ratings on the rated issues of ICBCIL Finance. + The stable outlook on the two companies reflects the outlook on the parent bank and our expectation that the companies will remain core subsidiaries of the parent over the next two years. HONG KONG (S&P Global Ratings) June 17, 2016--S&P Global Ratings said today that it had affirmed its 'A' long-term and 'A-1' short-term issuer credit ratings on ICBC Financial Leasing Co. Ltd. (ICBCFL) and ICBCIL Finance Co. Ltd. The outlook on the long-term issuer credit ratings is stable. At the same time we affirmed the 'cnAA+' long-term and 'cnA-1' short-term Greater China regional scale ratings on these companies. We also affirmed our...

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