News Column

Moody's assigns A1 rating to CCB Frankfurt Branch's proposed offshore Chinese yuan bonds

May 19, 2014



Moody's Investors Service has assigned a A1

rating to the 2 year proposed fixed-rate senior unsecured Chinese

yuan-denominated bonds to be issued by China Construction Bank

Corporation (CCB) Niederlassung Frankfurt (Frankfurt Branch).

The rating outlook is stable.

RATINGS RATIONALE

"The A1 rating for the bonds is in line with CCB's long-term deposit

rating and reflects the structure of the proposed issuance," says

Christine Kuo, a Moody's Vice President and Senior Credit Officer.

The senior notes will constitute the issuer's direct, unconditional,

unsubordinated, general and unsecured obligations. They will be issued

with a fixed-rate coupon and are redeemable at principal amount on

maturity. China Construction Bank Corporation is headquartered in Beijing. It

reported total assets of RMB16.1 trillion (approximately $2.6 trillion)

as of 31 March 2014.


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Source: EMBIN (Emerging Markets Business Information News)


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