Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research

Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable

Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research
Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable
Published Jun 30, 2006
Published Jun 30, 2006
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Abstract:

HONG KONG (Standard&Poor's) June 30, 2006--Standard&Poor's Rating Services said today that it had raised its long-term counterparty credit rating on Bank of East Asia Ltd. (BEA) to 'A-' from 'BBB+' reflecting the bank's solid domestic franchise in Hong Kong and its strong but careful expansion in China. "The upgrade also factors in the bank's improved asset quality, satisfactory liquidity, and above average capitalization," said Standard&Poor's credit analyst Paul Clarkson. Moderating factors include the bank's narrow net interest margin and moderate pricing ability in a competitive operating environment. The bank also faces higher risk factors as a result of its expanding China loan book. BEA has a solid franchise in Hong Kong, where it is

  
Report Type:

Ratings Action

Ticker
23@HK
Issuer
The Bank of East Asia Limited
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Hong Kong
Region
Emerging Markets
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable" Jun 30, 2006. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-East-Asia-Long-Term-Rating-Raised-To-A-Outlook-Stable-518304>
  
APA:
S&P Global Ratings’ Credit Research. (). Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable Jun 30, 2006. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bank-of-East-Asia-Long-Term-Rating-Raised-To-A-Outlook-Stable-518304>
  
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