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Minsheng Financial Leasing Co., Ltd -- Moody's assigns first-time Baa3/P-3 ratings to Minsheng Financial Leasing

Moody's Investors Service has assigned a Baa3 long-term issuer rating and a Prime-3 short-term issuer rating to Minsheng Financial Leasing Co., Ltd. Minsheng Financial Leasing's Baa3 long-term issuer rating incorporates the company's standalone credit profile of b1 and a four-notch uplift based on affiliate-backed support from Minsheng Bank. At end-2017, Minsheng Financial Leasing ranked the third largest by total assets among the financial institution affiliated leasing companies regulated by the China Banking and Insurance Regulatory Commission (CBIRC).