Fitch: CNPC General notes A+

Fitch Ratings said it assigned an expected rating of A+ to CNPC General Capital Ltd.'s proposed guaranteed dollar-denominated senior notes.

The ratings reflect the irrevocable and unconditional guarantee by CNPC Finance (HK) Ltd., a wholly owned subsidiary of China Petroleum Finance Ltd.

The notes are rated at the same level as the group's senior unsecured rating as they represent unconditional, unsecured and unsubordinated obligations of the company. The final ratings are contingent upon receipt of final documents conforming to information already received.

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