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Asia-Pacific ratings roundup through Sept. 6

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Asia-Pacific ratings roundup through Sept. 6

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.

Sept. 6

* S&P Global Ratings affirmed the AA- long-term and A-1+ short-term issuer credit ratings on ASB Bank Ltd., Bank of New Zealand, Westpac New Zealand Ltd. and ANZ Bank New Zealand Ltd. The outlooks on four banks are stable.

* S&P Global Ratings also affirmed Rabobank New Zealand Ltd.'s long- and short-term issuer credit ratings at A and A-1, with a stable outlook.

* Fitch Ratings affirmed the long-term issuer default ratings of Citibank Korea Inc. and Citibank Taiwan Ltd. at A-. The outlooks are stable.

* Fitch also affirmed the long-term issuer default ratings of Japan's Daiwa Securities Group Inc. and its unit Daiwa Securities Co. Ltd. at A-, with stable outlooks.

* Fitch separately affirmed the long-term issuer default ratings of Nomura Holdings Inc. and its units Nomura Securities Co. Ltd. and Nomura Financial Products & Services, Inc. at A-, with stable outlooks.

Sept. 5

* Fitch Ratings downgraded Hong Kong's long-term senior unsecured and issuer default ratings to AA from AA+, with a negative outlook, as it forecast the semi-autonomous territory's real GDP growth to stall this year amid monthslong protests.

* Fitch upgraded the viability rating of Standard Chartered Bank (Taiwan) Ltd. to "bbb" from "bbb-" on expectations that the bank will benefit from improved stability in its earnings and profitability. It separately affirmed the long- and short-term issuer default ratings of Standard Chartered Bank (Singapore) Ltd. at A and F1.

* Fitch revised the outlook on Taiwan-based Taishin Financial Holding Co. Ltd. and unit Taishin Securities Co. Ltd. to stable from negative.

* Fitch affirmed the long-term issuer default rating of CTBC Financial Holding Co. Ltd. at BBB+ and its subsidiary CTBC Bank Co. Ltd. at A.

* Fitch upgraded the issuer default ratings of Taiwan-based SinoPac Financial Holdings Co. Ltd. and its subsidiary Bank SinoPac Co. Ltd. to BBB+ from BBB due to the bank's improving company profile and reduced risk appetite, particularly in relation to its China strategy.

* Further, Fitch affirmed the national long- and short-term ratings of Taiwan's E.SUN Securities Co. Ltd. at AA-(twn) and F1+(twn). The outlook is stable.

Sept. 4

* Moody's placed the A3 long-term foreign and local currency deposit ratings of MUFG Bank (China) Ltd. on review for downgrade.

* Moody's revised the outlook on Punjab National Bank to positive from stable. It also affirmed the Baa3 long- and P-3 short-term local and foreign currency deposit ratings of Punjab National Bank, Canara Bank, Oriental Bank of Commerce, Syndicate Bank Ltd. and Union Bank of India, days after the government announced plans to consolidate 10 public sector banks.

* Fitch Ratings upgraded the short-term foreign and local currency issuer default ratings of Standard Chartered Bank (Thai) PCL to F1 from F2.

* Fitch affirmed the long-term issuer default rating of Standard Chartered Bank Korea Ltd. at A, with a stable outlook.

Sept. 3

* Fitch Ratings affirmed the BBB- long-term issuer default rating and AA-(tha) national long-term rating of Thailand-based TMB Bank PCL and revised its outlook to positive from stable.

Sept. 2

* Fitch Ratings upgraded United Overseas Bank (Thai) PCL's short-term issuer default rating to F1 from F2, and affirmed the bank's long-term issuer default rating at A- with a stable outlook.

* Fitch affirmed the national long-term rating of CIMB Thai Bank PCL at AA-(tha), with a stable outlook.

* Fitch affirmed Bank of China (Thai) PCL's national long- and short-term ratings at AAA(tha) and F1+(tha), respectively.

* Fitch affirmed the B long-term issuer default rating of Sri Lanka-based National Savings Bank and Bank of Ceylon, as well as the AA+(lka) national long-term ratings of the two banks and People's Bank. The outlooks on all three banks are stable.

* The rating agency affirmed the national long-term ratings of Industrial & Commercial Bank of China (Thai) PCL and ICBC (Thai) Leasing Company Ltd. at AAA(tha). The outlook on both entities are stable.

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.