The Export-Import Bank of China's Proposed MTN Drawdown Assigned 'A+' Rating

HONG KONG (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'A+' long-term issue rating to the proposed U.S. dollar and eurodollar senior unsecured notes by The Export-Import Bank of China (China EXIM: A+/Stable/A-1). The notes will be a drawdown from China EXIM's US$27 billion medium-term notes (MTN) program. The rating on the notes reflects the structure of the proposed issuance and is in line with our issuer credit ratings on China EXIM. These notes will have a tenor of more than one year, pay fixed coupons, and will be redeemable at par on maturity. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of China EXIM and will at all times rank pari passu among themselves.

...HONG KONG (S&P Global Ratings) Nov. 20, 2017--S&P Global Ratings today assigned its 'A+' long-term issue rating to the proposed U.S. dollar and eurodollar senior unsecured notes by The Export-Import Bank of China (China EXIM: A+/Stable/A-1). The notes will be a drawdown from China EXIM's US$27 billion medium-term notes (MTN) program. The rating on the notes reflects the structure of the proposed issuance and is in line with our issuer credit ratings on China EXIM. These notes will have a tenor of more than one year, pay fixed coupons, and will be redeemable at par on maturity. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of China EXIM and will at all times rank pari passu among themselves. China EXIM reported assets of Chinese renminbi 3.3 trillion as of end-2016. RELATED CRITERIA + General Criteria: Group Rating Methodology - November 19, 2013 + Criteria - Financial Institutions - Banks: Quantitative Metrics For Rating Banks Globally: Methodology...

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