The Bank of East Asia And Its China Subsidiary 'A/A-1' Ratings Affirmed; Outlook Remains Negative

We expect BEA to maintain its business position and adequate capitalization over the next 12-24 months. That said, the bank's loan quality will likely remain under pressure. We are affirming our 'A' long-term and 'A-1' short-term issuer credit ratings on BEA and its core subsidiary BEA China. We are also affirming our 'cnAA+' long-term and 'cnA-1' short-term Greater China regional scale ratings on the banks. The negative outlook reflects the prospect of a downgrade if the likelihood of Hong Kong government support reduces upon implementation of the new resolution regime, or if BEA's loan quality deteriorates severely. HONG KONG (S&P Global Ratings) Sept. 22, 2016--S&P Global Ratings said today that it had affirmed its 'A' long-term and 'A-1' short-term issuer

...+ We expect BEA to maintain its business position and adequate capitalization over the next 12-24 months. That said, the bank's loan quality will likely remain under pressure. + We are affirming our 'A' long-term and 'A-1' short-term issuer credit ratings on BEA and its core subsidiary BEA China. We are also affirming our 'cnAA+' long-term and 'cnA-1' short-term Greater China regional scale ratings on the banks. + The negative outlook reflects the prospect of a downgrade if the likelihood of Hong Kong government support reduces upon implementation of the new resolution regime, or if BEA's loan quality deteriorates severely. HONG KONG (S&P Global Ratings) Sept. 22, 2016--S&P Global Ratings said today that it had affirmed its 'A' long-term and 'A-1' short-term issuer credit ratings on The Bank of East Asia Limited (BEA) and its Chinese subsidiary The Bank of East Asia (China) Limited (BEA China). The outlook on the long-term rating is negative. At the same time, we affirmed our 'cnAA+' long-term...

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