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.
* Moody's affirmed DBS Bank (Taiwan) Ltd.'s deposit ratings at A2/P-1, with a stable outlook. Moody's has also affirmed the bank's baseline credit assessment at "ba1" and its adjusted baseline credit assessment at "a3."
* DBRS revised the trend on China's issuer ratings to negative from stable, citing growing downside risks as Beijing prioritizes meeting near-term economic expansion targets over reducing the pace of credit growth.
* Fitch Ratings assigned Maldives-based Housing Development Corp. Ltd. a long-term foreign and local currency issuer default ratings of B+, with a stable outlook.
* Moody's affirmed Shinkin Central Bank's A1 bank deposit rating, as well as its "baa1" baseline credit assessment and adjusted baseline credit assessment. The outlook is stable.