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Asia-Pacific ratings roundup through March 16

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Asia-Pacific ratings roundup through March 16

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 16

* Fitch Ratings affirmed Japan-based Tokio Marine & Nichido Fire Insurance Co. Ltd.'s insurer financial strength rating at A+ (Strong). The outlook is stable.

* Moody's assigned Mongolian Mortgage Corp. LLC a long-term foreign currency issuer rating and a corporate family rating of B3. The outlook is stable.

* Fitch affirmed Far East Horizon Ltd's long- and short-term issuer default ratings at BBB- and F3, respectively. The outlook is stable.

* Fitch Ratings Indonesia upgraded PT Bank OCBC NISP Tbk's long-term local-currency issuer default rating to A from A- and its viability rating to "bb+" from "bb," and affirmed its other ratings. Further, it affirmed the national ratings of PT Bank CIMB Niaga Tbk, PT Bank Maybank Indonesia Tbk, PT Bank UOB Indonesia and three of their financing subsidiaries. The outlooks are stable.

March 15

* Moody's revised its outlook on Japan-based Daishi Bank Ltd. to negative from stable and affirmed the bank's long- and short-term bank deposit ratings at A2 and P-1, respectively.

March 14

* Moody's revised its outlook on Chugoku Bank Ltd.'s deposit and issuer ratings to negative from stable. Meanwhile, the rating agency affirmed the bank's long-term issuer rating at A1, and its long- and short-term bank deposit ratings at A1 and P-1, respectively.

March 13

* S&P Global Ratings raised Shanghai Rural Commercial Bank Co. Ltd.'s long- and short-term issuer credit ratings to BBB and A-2, respectively, from BBB- and A-3. The outlook is stable.

* S&P affirmed the long- and short-term issuer credit ratings of Guotai Junan Securities Co. Ltd. and unit Guotai Junan International Holdings Ltd. at BBB+ and A-2, respectively. The outlook on the long-term rating is stable.

* S&P affirmed the long- and short-term issuer credit ratings of Haitong Securities Co. Ltd. and unit Haitong International Securities Group Ltd. at BBB and A-2, respectively. The outlook on the long-term rating is stable.

* S&P also affirmed Shanghai Pudong Development Bank Co. Ltd.'s long- and short-term issuer credit ratings at BBB and A-2, respectively. The outlook on the long-term rating is stable.

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