Moody’s gives Icbcil Finance A3

Moody's Investors Service said it assigned an A3 long-term senior unsecured rating to Icbcil Finance Co., Ltd.’s proposed notes.

Icbcil Finance, incorporated in Hong Kong, is an indirect subsidiary of Industrial & Commercial Bank of China Ltd. (ICBC, A1 stable) and a sister company of ICBC Financial Leasing Co. Ltd. (A2 stable).

Moody’s said the A3 long-term senior unsecured rating for the proposed notes reflects: (a) Icbcil Finance's important role in ICBC group's overseas leasing business; and (b) ICBC Financial Leasing's very strong willingness to support Icbcil Finance's obligations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.