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.
Sept. 20
* Moody's affirmed the Aaa long-term issuer rating of Singapore-based Temasek Holdings (Pte.) Ltd. The outlook is stable.
Sept. 19
* Moody's affirmed the long- and short-term local and foreign currency issuer ratings of CIMB Group Holdings Bhd. at Baa1 and P-2, respectively. The outlook is stable. It also affirmed CIMB Bank Bhd. and CIMB Islamic Bank Bhd.'s long- and short-term local and foreign currency issuer ratings at A3 and P-2, respectively.
Sept. 18
* Fitch Ratings affirmed the long and short-term issuer default ratings of Standard Chartered Bank (China) Ltd. at A and F1, respectively, with a stable outlook.
Sept. 17
* Moody's lowered the outlook on KDB Asia Ltd.'s long-term foreign currency bank deposit and certificate of deposit ratings to negative from stable.
* Moody's also lowered the outlook on Hongkong & Shanghai Banking Corp. Ltd. and Hang Seng Bank Ltd.'s long-term foreign currency deposit ratings to negative from stable following a similar action on the Hong Kong government.
* The rating agency has downgraded Samsung Securities Co. Ltd.'s foreign currency long-term issuer rating to Baa2 from Baa1, citing weakening funding and liquidity profile, but changed its outlook to stable from negative on stable profitability.
* Moody's also lowered the outlook on Hong Kong Mortgage Corp. Ltd. to negative from stable. It also affirmed the company's long- and short-term senior unsecured and issuer ratings at Aa2 and P-1, respectively.
* Fitch Ratings assigned Taiwan-based Capital Securities Corp. a long-term issuer default rating of BBB- and national long- and short-term ratings of A(twn) and F1(twn), respectively.
* S&P Global Ratings affirmed Sri Lanka-based DFCC Bank Plc's B long- short-term issuer credit ratings, with a stable outlook.
Sept. 16
* Moody's downgraded Hong Kong's rating outlook to negative from stable and affirmed the Aa2 long-term issuer and senior unsecured ratings.
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.
