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

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

Research Update: Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable - S&P Global Ratings’ Credit Research
Research Update: Bank of East Asia Long-Term Rating Raised To 'A-'; Outlook Stable
Published Jun 30, 2006
Published Jun 30, 2006
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On June 30, 2006, Standard&Poor's Rating Services 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. Moderating factors include the bank's narrow net interest margin and moderate pricing ability in a competitive operating environment, conditions which affect other banks operating in Hong Kong. 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 the fifth-largest domestically incorporated bank, but is

  
Report Type:

Research Update

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
Format:
HTML HTML
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: 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/Research-Update-Bank-of-East-Asia-Long-Term-Rating-Raised-To-A-Outlook-Stable-518305>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Bank-of-East-Asia-Long-Term-Rating-Raised-To-A-Outlook-Stable-518305>
  
US$ 225.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.