Moody's may up Hong Kong banks

Moody's Investors Service said it placed the Aa3 long-term foreign-currency deposit ratings of The Hongkong and Shanghai Banking Corp. Ltd. and Hang Seng Bank Ltd. on review for possible upgrade.

The actions follow Moody's earlier move of placing on review for possible upgrade Hong Kong's Aa3 country ceiling for foreign-currency deposits rating, along with the Aa3 long-term foreign-currency and local-currency government bond ratings.

Moody's also changed the outlooks of some bank's to stable from positive, including Industrial and Commercial Bank of China A2 ratings, Bank of China (Hong Kong)'s Aa3 ratings, along with subsidiaries Nanyang Commercial Bank and Chiyu Banking Corp.'s Aa3 ratings.

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