Fitch Affirms Azure Orbit II's MTN Programme, USD Notes at 'A'

April 10, 2015 7:40 AM

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(The following statement was released by the rating agency) HONG KONG/SHANGHAI/SINGAPORE, April 10 (Fitch) Fitch Ratings has affirmed the Long-Term Ratings on Azure Orbit II International Finance Limited's (Azure Orbit II) USD1bn medium-term note (MTN) programme and USD500m note issue at 'A'.

The notes are due in April 2019. KEY RATING DRIVERS - MTN Programme Guaranteed notes issued under the MTN programme represent direct, general, unconditional and unsecured obligations of Bank of Communications Co., Ltd (BOCOM; A/Stable) by virtue of the deed of guarantee given by the bank's Macau Bra...

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