Moody's rates Icbcil Finance notes A2

Moody's Investors Service said it assigned A2 backed senior unsecured debt ratings to Icbcil Finance Co. Ltd.'s senior unsecured note drawdowns under its provisional A2-rated medium-term note program.

Icbcil Finance is an indirect wholly owned subsidiary of Industrial & Commercial Bank of China Ltd. and a sister company of ICBC Financial Leasing Co., Ltd., Moody's said.

The A2 long-term senior unsecured debt ratings reflect Icbcil Finance's important role in the group's overseas leasing business and ICBC Financial Leasing's very strong willingness to support Icbcil Finance's obligations, the agency said.

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