Fitch Ratings has affirmed the Issuer Default Ratings (IDR) on four leasing subsidiaries of Chinese banks and their overseas subsidiaries: ICBC Financial Leasing Co., Ltd. (ICBC Leasing), Bank of Communications Financial Leasing Co., Ltd. (Bocom Leasing), China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), and CCB Financial Leasing Corporation Limited (CCB Leasing).
The Outlook is Stable. Fitch has also affirmed the ratings on the medium-term note (MTN) programmes and notes issued by the entities' overseas funding platforms and special-purpose vehicles (SPV). Click here for the full release.