In April 2008, the Vice President of CLFG
, Li Wei, announced the Chinese holding was going to invest at least EUR 80 M in the former "Diamond" factory in Razgrad, which was shut down in 2000 over financial troubles.
(17.) Technically, Credit Lyonnais's ratings are assigned to its derivatives program, which relies on guarantees provided by CLFG
Corporation, a special purpose, bankruptcy-remote corporation wholly owned by Financial Security Assurance Holdings, itself a triple-A-rated monoline U.S.