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S&P rates China Construction notes A
S&P said it assigned its A long-term issue rating to the proposed Singapore dollar-denominated drawdown under the $6 billion euro medium-term note program by China Construction Bank Corp. (A/stable/A-1). (A/stable/A-1).
The agency said it equalized the issue rating on the proposed senior unsecured notes with the long-term issuer credit rating on China Construction.
The notes would constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, and will at all times rank equally with all its other unsecured obligations, S&P said.
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