Fitch assigns BBB+ to CICC notes

Fitch Ratings said it assigned an expected BBB+ rating to China International Capital Corp. (International) Ltd.'s planned long-term senior unsecured notes to be issued under its medium-term note program. The issue amount and maturity structure will be finalized upon settlement.

The notes will be issued by CICC Hong Kong Finance 2016 MTN Ltd., and guaranteed by CICC International, which set up CICC Hong Kong 2016 MTN as an offshore special purpose vehicle.

The proceeds will be used to refinance debt, working capital and for general corporate purposes.

The outlook is stable.

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