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Asia-Pacific ratings roundup through June 1

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Asia-Pacific ratings roundup through June 1

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.

May 31

* S&P Global Ratings and Moody's assigned issuer ratings to China-based Huatai Securities Co. Ltd., with a stable outlook.

* S&P affirmed Bangladesh's long- and short-term sovereign credit ratings at BB- and B, respectively. The outlook remains stable.

* S&P affirmed Indonesia's long- and short-term sovereign credit ratings at BBB- and A-3, respectively. The outlook on the long-term rating is stable.

* Moody's affirmed the A1/P-1 deposit and issuer ratings of Bank of China (New Zealand) Ltd., China Construction Bank (New Zealand) Ltd. and Industrial & Commercial Bank of China (New Zealand) Ltd. The outlooks on the ratings are stable.

May 30

* Moody's took actions on the ratings and outlooks of 19 Chinese banks, including Agricultural Bank of China Ltd., Bank of Communications Co. Ltd. and China Merchants Bank Co. Ltd., and the local subsidiaries of four foreign banks following the revision of the country's macro profile to Moderate + from Moderate.

* Moody's assigned Dutch-Bangla Bank Ltd. long-term foreign- and local-currency deposit ratings of B1 and Ba3, respectively, with a stable outlook.

* S&P affirmed Japan Post Bank Co. Ltd.'s issuer credit ratings at A+/A-1, with a negative outlook.

* Fitch Ratings affirmed Indian Railway Finance Corp. Ltd.'s long-term foreign- and local-currency issuer default ratings at BBB-, with a stable outlook.

May 28

* Moody's assigned Bank Australia Ltd. first-time long- and short-term issuer ratings of Baa1 and P-2, respectively, with a stable outlook.

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.