Moody’s affirms DBS Bank Hong Kong

Moody's Investors Service said it affirmed DBS Bank (Hong Kong) Ltd.'s deposit ratings at A1/P-1.

At the same time, Moody's affirmed the bank's baseline credit assessment at a3, adjusted baseline credit assessment at a1, counterparty risk assessments at Aa1(cr)/P-1(cr), and counterparty risk ratings at Aa2/P-1.

The outlook remains stable.

The agency said the affirmation is underpinned by the bank's improving asset-quality metrics and profitability, solid capitalization, and sound liquidity with little reliance on wholesale funding.

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