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. On Oct. 12, 2015, Standard&Poor's Ratings Services affirmed its 'A+' long-term issuer credit
