trending Market Intelligence /marketintelligence/en/news-insights/trending/r9ktqm8bri6mvqrpfzlsyw2 content esgSubNav
In This List

Asia-Pacific ratings roundup through Feb. 2

Blog

Using ESG Analysis to Support a Sustainable Future

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook


Asia-Pacific ratings roundup through Feb. 2

S&P Global Market Intelligence presents a summary of ratings actions on Asia-Pacific financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

Feb. 2

* Fitch Ratings placed the ratings of QBE Insurance Group Ltd. and its subsidiaries on Rating Watch Negative. The ratings action reflects the significant decline in the insurer's financial performance for 2017 and uncertainty over a recovery in its profitability.

* S&P Global Ratings downgraded PT MNC Investama Tbk's long-term corporate credit rating to CCC- from CCC. S&P also placed all the ratings on CreditWatch with negative implications.

Jan. 31

* S&P lowered the outlook on QBE Insurance and its core entities to stable from positive. The rating agency also affirmed the A- issuer credit ratings on the insurer.

* Moody's assigned a short-term local- and foreign-currency issuer rating of Prime-1 to Mizuho Financial Group Inc.

Jan. 30

* Fitch downgraded the national long-term ratings of Housing Development Finance Corp. Bank of Sri Lanka. The bank's ratings are maintained on Rating Watch Negative.

* S&P affirmed New Zealand's AA foreign-currency and AA+ local-currency long-term sovereign credit ratings. The rating agency also affirmed the A-1+ short-term rating. The ratings outlook remains stable.

Jan. 29

* S&P raised the outlook on Japan's Orix Life Insurance Corp. to stable from negative. The rating agency also affirmed the insurer's long-term issuer credit and insurer financial strength ratings at A-, while maintaining its assessment of the insurer's stand-alone credit profile at "a-".

* Fitch plans to withdraw the ratings of Mongolia's State Bank LLC for commercial reasons.

S&P Global Ratings and S&P Global Market Intelligence are owned by S&P Global Inc.