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AM Best Affirms Credit Ratings of China BOCOM Insurance Company Limited

Retrieved on: 
Thursday, August 10, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).
  • The company is the sole general insurance arm of BOCOM group and receives distribution support from BOCOM’s extensive banking network.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

CDB Aviation Executes $650 Million Portfolio Secured Financing

Retrieved on: 
Tuesday, November 8, 2022

CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.

Key Points: 
  • CDB Aviation, a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), announced on the sidelines of the Airline Economics Growth Frontiers Asia Pacific 2022 conference that the company has entered into a facility agreement for a US$650 million secured portfolio financing.
  • We continue to successfully address CDB Aviations capital needs through diversifying our financing sources and by broadening and deepening our relationships with banking and capital markets providers, stated CDB Aviation Chief Financial Officer Brendan O'Neill.
  • Allen & Overy is the Mandated Lead Arrangers legal counsel, while Clifford Chance represented CDB Aviation.
  • CDB Aviation is a wholly owned Irish subsidiary of China Development Bank Financial Leasing Co., Ltd. (CDB Leasing), a 37-year-old Chinese leasing company that is backed mainly by the China Development Bank.

AM Best Affirms Credit Ratings of China BOCOM Insurance Company Limited

Retrieved on: 
Thursday, August 11, 2022

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Performance Assessments, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.

AM Best Affirms Credit Ratings of China BOCOM Insurance Company Limited

Retrieved on: 
Friday, August 13, 2021

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of a- (Excellent) of China BOCOM Insurance Company Limited (CBIC) (Hong Kong).
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Bests Credit Ratings .
  • For information on the proper use of Bests Credit Ratings, Bests Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Bests Ratings & Assessments .
  • AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry.