Moody's: Citic outlook positive

Moody's Investors Service said it affirmed the following deposit and debt ratings and bank financial strength rating of Citic Bank International Ltd.: Baa2 long-term local and foreign currency deposit rating; P-2 short-term local and foreign currency deposit rating; D+ bank financial strength rating; provisional Baa2 long-term local and foreign currency deposit note/CD program; provisional P-2 short-term local and foreign currency deposit note/CD program; provisional Baa2 foreign currency senior unsecured debt under the medium-term note program at; Baa3 foreign currency subordinated debt; provisional Baa3 foreign currency subordinated debt under the medium-term note program; and provisional Ba1 foreign currency junior subordinated debt under the medium-term note program.

The outlook remains stable.

At the same time, Moody's revised the outlook on the bank's bank financial strength rating to positive from stable.

Moody's said the rating reflects the bank's good capitalization, sound liquidity profile, revamped risk management framework and processes and steadily improving asset quality metrics.

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