Fitch assigns A+ to China Jianyin notes

Fitch Ratings said it assigned China Jianyin Investment Ltd.'s (JIC) planned dollar-denominated senior unsecured notes an A+ rating. The notes will be issued by JIC's offshore special-purpose entity, Xingsheng (BVI) Co. Ltd.

The proposed notes guaranteed by JIC Leasing Co., Ltd., an 80.72%-owned JIC subsidiary. “JIC is a key state-owned holding platform with a long history of supporting and safeguarding China's financial markets,” Fitch said in a press release.

The outlook is stable.

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