Lianhe Ratings Global Limited (“Lianhe Global”) has affirmed ‘AA-’ global scale Long-term Issuer and Issuance Credit Rating of China Great Wall AMC (International) Holdings Company Limited (“Great Wall Intl” or “the company”); Issuer Rating Outlook Positive
The Issuer Credit Rating reflects a high possibility that China Great Wall Asset Management Co., Ltd. (“China Great Wall”, ‘AA-’/Positive) would provide very strong support to Great Wall Intl if needed, in light of its full ownership of Great Wall Intl, Great Wall Intl’s strategic importance as the only overseas platform of China Great Wall, and their high integration and linkage.
The Issuer Rating outlook is Positive in line with China Great Wall, which has been revised to Positive on 14 April 2025 reflecting our expectation that its strategic importance and government support would be strengthened.
At the same time, Lianhe Global has also affirmed following issuance ratings:
The senior unsecured USD notes’ ‘AA-’ global scale Long-term Issuance Rating, issued by Great Wall Int’s wholly-owned subsidiary, China Great Wall International Holdings III Limited, and unconditionally and irrevocably guaranteed by Great Wall Intl and supported by keepwell deed and liquidity support undertaking from China Great Wall;
The senior unsecured USD bonds’ ‘AA-’ global scale Long-term Issuance Rating, issued by Great Wall Int’s wholly-owned subsidiary, China Great Wall International Holdings V Limited, and unconditionally and irrevocably guaranteed by Great Wall Intl;
The senior unsecured USD Bonds and the USD unsubordinated perpetual securities’ (“Perpetual Securities”) ‘AA-’ global scale Long-term Issuance Rating, issued by China Great Wall International Holdings VI Limited, and unconditionally and irrevocably guaranteed by Great Wall Intl.