Almost certain likelihood of extraordinary government support due to the critical importance of its policy role and integral link with the government. Weak capitalization and profitability. Fast credit growth, leading to risker loan portfolio. The rating on the Export-Import Bank of China (China EXIM) reflects our view that there is an "almost certain" likelihood that the Chinese government would provide timely and sufficient extraordinary support to China EXIM if the bank came under 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+). In accordance with our criteria for government-related entities, our rating approach is based on our view of the following China EXIM characteristics: "Integral" link with
