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Asia-Pacific ratings roundup through June 8

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Asia-Pacific ratings roundup through June 8

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.

June 8

* Fitch Ratings Indonesia assigned PT Bank Pembangunan Daerah Banten Tbk a national long-term rating of A(idn), with a stable outlook.

June 7

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

* Moody's assigned Australia's G&C Mutual Bank Ltd. first-time long- and short-term issuer ratings of Baa1 and P-2, respectively. The outlook is stable.

* Moody's confirmed the long-term deposit ratings of HSBC Bank Plc Sydney Branch at Aa3 and changed the outlook to stable from Rating under Review. Moody's also confirmed the long-term counterparty risk assessment at Aa2(cr). The rating actions conclude the review initiated on the entity in February.

June 6

* Moody's upgraded RHB Bank Bhd.'s baseline credit assessment and adjusted baseline credit assessment to "baa2" from "baa3." At the same time, Moody's affirmed the bank's deposit and senior unsecured debt ratings at A3/P-2. The outlook is stable.

June 5

* Fitch affirmed most of the ratings of seven Taiwanese banks: EnTie Commercial Bank Co. Ltd., Far Eastern International Bank Ltd., King's Town Commercial Bank Co. Ltd., Sunny Bank Ltd., Taichung Commercial Bank Co. Ltd., Taipei Star Bank and Shanghai Commercial & Savings Bank Ltd. The rating outlooks are stable. At the same time, Fitch upgraded the national short-term ratings of Taichung Commercial Bank and Sunny Bank to F1(twn) from F2(twn).

June 4

* Fitch downgraded the viability rating of Punjab National Bank to "b" from "bb-" and maintained it on Rating Watch Negative. At the same time, Fitch affirmed the Indian lender's long-term issuer default rating, with a stable outlook.