...Niche player in highly competitive and global market. Outlook: Positive Standard & Poor's Ratings Services' positive outlook on Haitong Bank S.A. reflects the possibility of an upgrade in the next 12 months if we anticipate a less risky operating environment for banks in Portugal. We could also raise the ratings on Haitong Bank if the bank successfully finalizes its integration with the parent and business model turnaround, improves its asset quality while preserving balanced growth, and maintains its risk-adjusted capital (RAC) ratio sustainably above 5%. We would revise the outlook to stable if the bank cannot strengthen its solvency as we currently expect, leaving the RAC ratio below 5%. A revision of the outlook to stable could also occur if integration with the parent is not effectively implemented or the parent reduces ongoing capital and funding support, as currently anticipated....
