Bank of China (Hong Kong) Ltd. 'A+/A-1' Ratings Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research

Bank of China (Hong Kong) Ltd. 'A+/A-1' Ratings Affirmed; Outlook Stable

Bank of China (Hong Kong) Ltd. 'A+/A-1' Ratings Affirmed; Outlook Stable - S&P Global Ratings’ Credit Research
Bank of China (Hong Kong) Ltd. 'A+/A-1' Ratings Affirmed; Outlook Stable
Published Oct 12, 2015
5 pages (2108 words) — Published Oct 12, 2015
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

We expect BOCHK to maintain its strong credit profile over the next two years. This is despite the increasing economic risk in the bank's key markets, its planned sale of its equity stake in Nanyang Commercial Bank, and acquisition of banking businesses in ASEAN from its parent. We are affirming our 'A+' long-term and 'A-1' short-term issuer credit ratings on BOCHK. We are also affirming our 'cnAAA' long-term and 'cnA-1+' short-term Greater China regional scale ratings on the bank. The stable outlook reflects our expectation that BOCHK will maintain its strong business position, capital, earnings, liquidity, and above-average funding profile over the next 24 months. HONG KONG (Standard&Poor's) Oct. 12, 2015--Standard&Poor's Ratings Services said today that

  
Brief Excerpt:

...+ We expect BOCHK to maintain its strong credit profile over the next two years. This is despite the increasing economic risk in the bank's key markets, its planned sale of its equity stake in Nanyang Commercial Bank, and acquisition of banking businesses in ASEAN from its parent. + We are affirming our 'A+' long-term and 'A-1' short-term issuer credit ratings on BOCHK. We are also affirming our 'cnAAA' long-term and 'cnA-1+' short-term Greater China regional scale ratings on the bank. + The stable outlook reflects our expectation that BOCHK will maintain its strong business position, capital, earnings, liquidity, and above-average funding profile over the next 24 months. HONG KONG (Standard & Poor's) Oct. 12, 2015--Standard & Poor's Ratings Services said today that it had affirmed its 'A+' long-term issuer credit rating on Bank of China (Hong Kong) Ltd. (BOCHK). The outlook is stable. At the same time, we affirmed our 'A-1' short-term issuer credit rating on the bank. We also affirmed...

  
Report Type:

Ratings Action

Ticker
1055Z@HK
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers
Country
Region
Emerging Markets
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of China (Hong Kong) Ltd. 'A+/A-1' Ratings Affirmed; Outlook Stable" Oct 12, 2015. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-Hong-Kong-Ltd-A-A-1-Ratings-Affirmed-Outlook-Stable-1463185>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of China (Hong Kong) Ltd. 'A+/A-1' Ratings Affirmed; Outlook Stable Oct 12, 2015. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-China-Hong-Kong-Ltd-A-A-1-Ratings-Affirmed-Outlook-Stable-1463185>
  
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