In our latest review of Hong Kong's banking sector, we see a negative economic risk trend stemming from a surge in property prices. However, we believe this trend is unlikely to weaken the 'a+' SACP of BOCHK. We are therefore affirming our 'A+' long-term and 'A-1' short-term issuer credit ratings on the bank. The stable outlook reflects our expectation that BOCHK will maintain its business position, capital and earnings, and funding and liquidity profile over the next 24 months. On Aug. 31, 2015, Standard&Poor's Ratings Services 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
