Fitch puts OCBC Wing Hang Bank on watch

Fitch Ratings said it placed the AA- long-term issuer default ratings of OCBC Wing Hang Bank Ltd. and Banco OCBC Weng Hang, SA on rating watch negative.

The placements follow the placement of the AA- long-term IDR of their Singapore-based ultimate parent Oversea-Chinese Banking Corp. Ltd. on RWN due to increased near-term downside risks following the economic downturn stemming from the coronavirus pandemic, Fitch said.

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