HONG KONG (Standard&Poor's) Nov. 12, 2015--Standard&Poor's Ratings Services today assigned its 'BB' long-term issue rating to a proposed issuance of additional tier-1 (AT1) perpetual subordinated capital securities by The Bank of East Asia Limited (BEA: A/Negative/A-1; cnAA+/cnA-1). At the same time, we also assigned our 'cnBBB' long-term Greater China regional scale rating to the securities. The issue rating is subject to our review of the final issuance documentation. We are assigning an issue rating to these notes in accordance with our criteria for hybrid capital instruments. The rating reflects our assessment of BEA's stand-alone credit profile of 'bbb+' and the following deductions: One notch because the notes are contractually subordinated; Two notches because we expect the
