Fitch rates China Great Wall notes A

Fitch Ratings said it assigned China Great Wall International Holdings III Ltd.’s proposed issue of dollar-denominated senior unsecured notes under its $6.5 billion medium-term note program an expected rating of A(EXP).

Proceeds will be used for general corporate purposes.

The proposed notes under the programme will be unconditionally and irrevocably guaranteed by China Great Wall AMC (International) Holdings Co. Ltd., a wholly owned subsidiary of China Great Wall Asset Management Co., Ltd. (A/stable).

The notes will be China Great Wall AMC’s senior unsecured obligations, and rank pari passu with all its other senior unsecured obligations.

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