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Asia-Pacific ratings roundup through May 31

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Asia-Pacific ratings roundup through May 31

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 revised Shinsei Bank Ltd.'s outlook to stable from positive and affirmed the bank's BBB+ long- and A-2 short-term issuer credit ratings.

* S&P Global Ratings raised Indonesia's long-term sovereign credit rating to BBB from BBB-, with a stable outlook.

* Fitch Ratings lowered Canara Bank's viability rating to "bb-" from "bb," while affirming the bank's BBB- long-term issuer default rating. The rating agency also affirmed the long-term issuer default ratings of State Bank of India, Bank of Baroda, Bank of Baroda (New Zealand) Ltd., Punjab National Bank, Bank of India and IDBI Bank Ltd.

* Moody's affirmed Suhyup Bank's A2 foreign-currency long-term senior unsecured rating, and foreign- and local-currency deposit ratings of A2/P-1. The outlook is stable.

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

* Fitch affirmed Power Finance Corp. Ltd.'s long-term issuer default rating at BBB-, with a stable outlook.

May 30

* Fitch affirmed the Philippines' long-term foreign-currency issuer default rating at BBB, with a stable outlook.

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

* S&P Global Ratings affirmed the BB- long-term and B short-term sovereign credit ratings on Bangladesh with a stable outlook.

* S&P Global Ratings affirmed Japan Post Bank Co. Ltd.'s A+ long-term issuer credit and A-1 short-term issuer credit and issue ratings. The outlook on the issuer credit rating remains negative.

May 29

* S&P Global Ratings assigned Shinhan Financial Group Co. Ltd. a long-term issuer credit rating of A and a short-term issuer credit rating of A-1. The outlook on the long-term rating is stable.

* S&P Global Ratings assigned ICBC Austria Bank GmbH an A- long-term issuer credit rating, with a stable outlook. The bank is a unit of Industrial & Commercial Bank of China Ltd.

May 27

* Moody's affirmed all of Development Bank of Japan Inc.'s ratings at A1, with a stable outlook.

* Moody's affirmed Chong Hing Bank Ltd.'s deposit ratings at Baa1/P-2. The outlook on the long-term deposit ratings is stable.

* Fitch affirmed the long-term foreign-currency issuer default rating at B+, with a stable outlook.

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.