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Asia-Pacific ratings roundup through March 22

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Asia-Pacific ratings roundup through March 22

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.

March 22

* 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."

March 21

* 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.

March 20

* 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.