Fitch gives A- to Coami

Fitch Ratings said it assigned China Orient Asset Management (International) Holding Ltd. (Coami) long-term foreign- and local-currency issuer default ratings of A- with a stable outlook.

Coami’s ratings are credit-linked to those of its parent, China Orient Asset Management Corp. (A/stable), one of the four large asset management companies in China.

The link reflects China Orient’s 100% ownership of the subsidiary, strong oversight and supervision by China Orient and the strategic importance of Coami’s operation to its parent. These factors result in a strong likelihood that China Orient would provide the subsidiary with extraordinary support, if needed.

Coami is classified as a credit-linked public-sector entity under Fitch's criteria.

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