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Asia-Pacific ratings roundup through Aug. 9

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.

Aug. 9

* Fitch Ratings affirmed the national long- and short-term ratings of AEON Thana Sinsap (Thailand) PCL at A-(tha) and F2(tha), respectively. The outlook is stable.

* Fitch raised the outlook on Bangkok Commercial Asset Management PCL's national long-term rating to stable from negative and affirmed the rating at AA-(tha).

Aug. 8

* Fitch affirmed South Korea's long-term foreign-currency issuer default rating at AA-, with a stable outlook.

Aug. 7

* Fitch downgraded the short-term issuer default rating of New Zealand-based TSB Bank Ltd. to F2 from F1 and affirmed its long-term issuer default rating at A-.

* Fitch has also affirmed the long-term issuer default rating of New Zealand's Co-operative Bank Ltd. at BBB, with a stable outlook.

* S&P Global Ratings affirmed the long- and short-term issuer credit ratings of both Standard Chartered Bank (Hong Kong) Ltd. and Standard Chartered Bank (China) Ltd. at A+/A-1, with a stable outlook. The rating agency also placed the A-/A-2 long- and short-term issuer credit ratings of Standard Chartered Bank Korea Ltd. on CreditWatch with positive implications.

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.