S&P Global Market Intelligence presents a summary of ratings actions on Asia-Pacific financial institutions and economies.
* Moody's affirmed the Baa2 long-term local- and foreign-currency deposit ratings of PT Bank Tabungan Negara (Persero) Tbk, with a stable outlook. The rating agency also affirmed the Indonesian bank's baseline credit assessment and adjusted baseline credit assessment at "ba1."
* The rating agency affirmed Shinhan Financial Group Co. Ltd.'s A1 long-term foreign currency issuer rating, with a stable outlook.
* Moody's assigned Laos a first-time local- and foreign-currency long-term issuer rating of B3 based on the strength of its economy, institutions, governance and credit conditions, among other things. The ratings outlook is positive.