Fitch affirms China Bills Finance

Fitch Ratings said it affirmed China Bills Finance Corp.'s long-term foreign-currency issuer default rating at BBB, short-term foreign-currency issuer default rating at F3, national long-term rating at A+(twn) and national short-term rating at F1(twn).

The outlook remains stable.

The ratings reflect the company's improved and satisfactory capital position, good asset quality and adequate liquidity, Fitch said.

The ratings also consider potential risks associated with rising credit cost caused by the sharp economic recession and interest rate volatility, the agency said.

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