Research Update: S&PCORRECT: The Bank of East Asia And The Bank of East Asia (China) Ratings Raised To 'A/A-1'; Outlooks Stable Dec 11
- Language: English
- Published: December 2011
- Region: Asia, China
Standard & Poor's Ratings Services bases its ratings on The Bank of East Asia Ltd. (BEA) on the bank's "adequate" business position, "adequate" capital and earnings, "adequate" risk position, "average" funding, and "adequate" liquidity, as defined under our criteria. BEA's stand-alone credit profile (SACP) is 'bbb+'. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. The anchor for a commercial bank operating only in the Hong Kong is 'a-'. The BICRA score is informed by our evaluation of economic risk: We view Hong Kong as a wealthy, highly competitive, and resilient economy. Substantial potential imbalances have built up in the economy because of...
Companies mentioned in this report are: The Bank of East Asia Ltd.,The Bank of East Asia (China) Limited
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The Bank of East Asia Ltd.,The Bank of East Asia (China) Limited