Moody’s gives Cexim notes A1

Moody's Investors Service said it assigned an A1 rating to the proposed euro-denominated fixed-rate three-year senior unsecured notes to be issued by Export-Import Bank of China (Cexim).

The notes will be issued under Cexim's $27 billion medium-term note program.

The outlook is stable.

“The notes' A1 rating and stable outlook are in line with Cexim's senior unsecured debt rating and outlook, and reflect the structure of the proposed issuance,” the agency said in a news release.

“The senior unsecured notes will constitute a direct, unsubordinated, unconditional, and unsecured obligation of the issuer and will at all times rank pari passu among themselves.”

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