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S&P ups China Development Bank, Export-Import Bank of China
Standard & Poor's said it raised the long-term issuer credit ratings on the Export-Import Bank of China to A+ from A and its short-term rating to A-1 from A-1.
The outlook is stable.
Ratings reflect S&P's expectation of strong support from the government of China (A+/stable/A-1+), the bank's sole owner, given the close relationship and importance of the institution's policy role, the agency said.
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