Fitch rates Bocom Leasing notes A

Fitch Ratings said it assigned an expected rating of A to Bocom Leasing Management Hong Kong Co. Ltd.'s proposed senior unsecured dollar-denominated notes, which will be issued under Bocom Leasing Management’s $6 billion medium-term note program.

The proposed notes will constitute direct, unconditional, unsubordinated and unsecured obligations of Bocom Leasing Management HK, and will rank equally with all other unsecured and unsubordinated obligations. The proposed notes will benefit from a keepwell and asset purchase deed provided by Bank of Communications Financial Leasing Co., Ltd.

Proceeds will be used for general corporate purposes, including investments in the leasing business of Bank of Communications Financial Leasing, the issuer’s parent.

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