S&P rates OCBC Wing Hang Bank A+

S&P said it assigned OCBC Wing Hang Bank Ltd. an A+ issuer rating. The bank is a unit of Overseas-Chinese Banking Corp. Ltd.

“The rating on OWH China reflects the bank's integral position as a core subsidiary of OCBC group. We expect OCBC group to remain committed to the greater China market and provide timely and strong support to OWH China, under any foreseeable circumstances, when needed,” S&P said in a press release.

The stable outlook reflects S&P’s view of its parent OCBC, the agency said.

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