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Moody's revises outlook on China Everbright Bank

Moody's revised its outlook on China Everbright Bank Co. Ltd. to stable from negative while affirming its ratings.

The rating agency said Dec. 6 that it affirmed the bank's long- and short-term deposit ratings at Baa2/P-2. In addition, the bank's baseline credit assessment and adjusted baseline credit assessment were affirmed at "ba2," while its counterparty risk assessment was affirmed at Baa2(cr)/P-2(cr).

Moody's said the bank's long-term deposit rating incorporates a very high level of government support, which reflects its market share and majority government ownership. The bank's baseline credit assessment reflects its stabilizing asset quality metrics, effort to build up its capital position, a moderate liquidity profile and pressure on its profitability, the agency said.