Fitch views China leasing units negatively

Fitch Ratings said it revised the outlooks on four financial leasing subsidiaries of Chinese banks, as well as their overseas platforms, to negative from stable and two aircraft leasing subsidiaries of Chinese banks to negative from stable.

The revision follows a similar action on their parent banks, Fitch said, which also affirmed the ratings on the leasing issuers and their notes.

The companies are China Development Bank Financial Leasing Co., Ltd., CDB Aviation Lease Finance DAC, ICBC Financial Leasing Co., Ltd., Bank of Communications Financial Leasing Co., Ltd., CCB Financial Leasing Corp. Ltd. and BOC Aviation Ltd.

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