Fitch: China Oilfield bonds A

Fitch Ratings said it assigned a final rating of A to China Oilfield Services Ltd.'s $1 billion senior unsecured bonds.

This follows the completion of the notes issue and receipt of documents conforming to information previously received. The final rating is same as the expected rating assigned in August, Fitch said.

The notes are issued by COSL Finance BVI and guaranteed by China Oilfield.

The ratings are closely aligned with the credit profile of its major shareholder, China National Offshore Oil Corp., which holds 53.6%, due to the strong operational and strategic linkages between the two, Fitch said.

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