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S&P rates China EXIM bonds AA-
S&P said it assigned an AA- long-term issue rating to the senior unsecured bonds that Export-Import Bank of China (China EXIM) proposes to issue.
The bonds will be denominated in U.S. dollars and euros, S&P noted.
The agency also said it a cnAAA long-term Greater China regional credit scale rating to the bonds.
S&P said it equalized the rating with the company’s long-term counterparty credit rating as they are direct, unconditional, unsecured and unsubordinated obligations.
The notes will rank equally without any preference among themselves and at least equally with all other unsecured and unsubordinated public external indebtedness of China EXIM, the agency said.
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