Fitch ups China Everbright Bank to D/E

Fitch Ratings said it upgraded the individual rating to D/E from E and support ratings to 2 from 3 of China Everbright Bank, reflecting improved capitalization at the bank after the state's November 2007 capital injection and the bank's closer relationship with the Chinese government, which now stands as the largest shareholder with a 71% stake.

The upgrade the bank's improved financial profile, bolstered by China Central Huijin's $2.7 billion capital injection, Fitch said, as well as improved asset quality.

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