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English > Finance&Economy > Finance-Breakingnews>China Development Bank Bond Remains Sovereigns Ratings

China Development Bank Bond Remains Sovereigns Ratings

05-05 18:33 Caijing



» China Development Bank said its bonds will retain sovereign-level ratings up to 2010, dismissing speculation that its credit rating will fall after it reorganized operations to become a commercial bank.
» The former policy bank said in a statement on its website that its yuan-denominated bonds issued before the end of 2010 will retain the Treasury bill-level credit rating that they carried prior to the restructuring.
» China Banking Regulatory Commission has issued a notice to the bank officially confirming the government's backing for its debt.
From wires
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