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S&P revised CDFH Outlook to Positive On Stronger Fundamentals

      2006-08-22

Standard & Poor's Rating Services said today that it had revised the outlook on its long-term counterparty credit ratings on China Development Financial Holding Corp. (CDFH) and China Development Industrial Bank (CDIB) to positive from stable. At the same time, the ratings on CDFH (BBB/A-3) and CDIB (BBB+/A-2) were affirmed.
 
The positive outlook reflects the expectation that the CDFH group's fundamentals are likely to continue to strengthen, underpinned by smooth integration between CDIB and Grand Cathay Securities Corp. The CDFH group has made progress in terms of risk management and its allocation of financial and business resources.
 
 
 

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