Fitch ups outlook on five Chinese banks to positive

Fitch Ratings said it revised to positive from stable the outlooks on the long-term foreign-currency issuer default ratings of China Development Bank, The Export-Import Bank of China, China Construction Bank, Bank of China and Industrial & Commercial Bank of China.

The banks' other ratings were affirmed.

The outlook revision follows Fitch's revision to positive from stable the outlook on China's A+ long-term foreign-currency issuer default rating and A local-currency issuer default rating.

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