The rating on China EXIM reflects our expectation of close government support. We affirmed our 'A+/A-1+' issuer credit ratings on China EXIM. The outlook on the long-term rating is stable. On Sept. 23, 2009, Standard&Poor's Ratings Services affirmed its 'A+' long-term and 'A-1+' short-term issuer credit ratings on Export-Import Bank of China (China EXIM). The outlook is stable. The issuer credit rating on China EXIM is equalized with the sovereign credit rating on the People's Republic of China (A+/Stable/A-1+). This reflects Standard&Poor's expectation of strong support from the Chinese central government, arising from the critical importance of the bank's policy role and its integral link with the government. China EXIM is a policy bank wholly owned
