Fitch rates CEB International, notes BBB

Fitch Ratings said it assigned a BBB issuer rating to CEB International Investment Corp. Ltd. and an expected BBB rating to its planned dollar-denominated senior unsecured notes. Wholly owned subsidiary CEBI Splendid Ltd. will sell the notes that the parent will guarantee. The maturity is to be determined.

The company is the holding company for China Everbright Bank Co. Ltd.'s offshore investment-banking business. Fitch said the BBB issuer rating is based on the belief that China Everbright would help CEB if necessary.

The proceeds will be used to refinance maturing loans.

The outlook is stable.

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