Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers H > Headlines for HSBC Bank (China) Co. Ltd. > News item |
Moody’s: HSBC China, Hang Seng China to negative
Moody's Investors Service said it changed the outlook on the ratings for HSBC Bank (China) Co. Ltd. and Hang Seng Bank (China) Ltd. to negative from stable.
At the same time, the agency affirmed the two banks' baseline credit assessments (BCAs), adjusted BCAs, counterparty risk assessments (CR assessments), as well as all their ratings.
Moody's actions follow similar rating actions taken on the two banks' parents, Hongkong and Shanghai Banking Corp. Ltd. (Aa2 negative) and Hang Seng Bank Ltd. (Aa2 negative), and the change of Moody's Macro Profile for China's banking system to "moderate" from "moderate+."
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.