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 'bbb+' SACP of BEA. We are therefore affirming our 'A' long-term and 'A-1' short-term issuer credit ratings on the Hong Kong-based bank and its core subsidiary BEA China. The stable outlook reflects our expectation that BEA will maintain its business position, capital and earnings, and funding and liquidity profile over the next one to two years. On Aug. 31, 2015, Standard&Poor's Ratings Services affirmed its 'A' long-term and 'A-1' short-term issuer credit ratings on The Bank of East Asia Limited (BEA) and The Bank of
