...SINGAPORE (S&P Global Ratings) July 19, 2016--S&P Global Ratings today affirmed its '###-' long-term issue ratings on the senior unsecured bonds issued by the Bahrain branch of HDFC Bank Ltd. (###-/Stable/A-3). We removed the ratings from CreditWatch, where they were placed with negative implications on Feb. 22, 2016. At the same time, we raised the Greater China regional scale rating on HDFC Bank's Chinese yuan (CNY) 150 million 4.30% bond maturing 2018 to 'cnA-' from 'cnBBB+', and removed it from CreditWatch, where it was placed with developing implications on Feb. 22, 2016. The 'cnA-' Greater China regional scale rating on the CNY bonds is in line with S&P Global Ratings' "National And Regional Scale Mapping Tables," published June 1, 2016, on RatingsDirect. Our rating actions follow HDFC Bank's announcement that it has put in place a structure such that, if an event materializes to prevent the bank's Bahrain branch from making payments under the notes, HDFC Bank's Hong Kong branch or...
