S&P: A to CCB Leasing (International)

S&P said it assigned its A long-term and A-1 short-term issuer credit ratings to CCB Leasing (International) Corp. DAC. (CCBLI)

The outlook on the long-term rating is stable.

The agency also assigned its cnAA+ long-term and cnA-1 short-term Greater China regional scale ratings to the Ireland-based company.

"The ratings reflect our view that CCBLI is a core subsidiary of the leasing subgroup that is core to its ultimate parent China Construction Bank Corp. (CCB: A/Stable/A-1; cnAA+/cnA-1)," S&P credit analyst Harry Hu said in a news release.

"We therefore equalize the ratings on CCBLI with those on CCB. This assessment takes into account CCBLI's role in expanding the wider bank group's leasing business in offshore markets."

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