S&P rates EximBank China notes A+

S&P said it assigned its A+ long-term issue rating to the proposed three-year fixed-rate euro drawdown of senior unsecured notes by Export-Import Bank of China under its $27 billion medium-term note program.

“The rating on the issue reflects the long-term issuer credit rating on the Export-Import Bank of China. The notes issued constitute direct, unconditional, unsubordinated, and unsecured obligations of the issuer and at all times rank equally among themselves,” S&P said in a news release.

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