S&P affirms Bank of China

S&P said it affirmed its A+ long-term and A-1 short-term issuer credit ratings on Bank of China (Hong Kong) Ltd.

The outlook is stable.

The agency also affirmed all the issue ratings on outstanding debt issued by the bank.

S&P said the affirmation reflects an expectation that the bank is of high systemic importance in Hong Kong, and the agency expects the bank to benefit from the Hong Kong government's extraordinary support, if needed.

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