Lianhe Ratings Global Limited (“Lianhe Global”) has assigned ‘A-’ global scale Long-term Issuer Credit Rating to Xiamen International Investment Limited. (“XIIL” or “the company”); The Outlook is Stable.
The Issuer Credit Rating reflects a high possibility that Xiamen International Bank Co., Ltd. (“XIB”, ‘A-’/Stable) would provide very strong support to XIIL if needed, in light of its full ownership of XIIL, XIIL’s strategic importance as the only offshore investment platform of XIB, holding its subsidiaries in Hong Kong (Chiyu Banking Corporation Ltd. (“CYB”)) and Macao (Luso International Banking Ltd. (“LIB”)).
The Stable Outlook reflects our expectation that XIIL would maintain its strategic importance to XIB, while XIB will continue to support XIIL’s stable operation.