Unsolicited Ratings On Five Asian Banks Affirmed, Two Banks Upgraded; All Ratings Then Withdrawn Dec 11
Standard & Poors, December 2011
Abstract
SINGAPORE (Standard & Poor's) Dec. 30, 2011--Standard & Poor's Ratings Services said today that, following a review under its revised bank criteria published on Nov. 9, 2011, it upgraded the unsolicited counterparty ratings on two banks and affirmed the unsolicited counterparty ratings on five banks in Asia. All ratings were then withdrawn due to low level of market interest. We also withdrew our bank fundamental strength ratings on these banks, where applicable, and all the ratings on securities issued by these banks. Standard & Poor's no longer has unsolicited ratings on any Asian bank. AFFIRMED Dah Sing Bank Ltd. (Hong Kong; BBB+/Stable/A-2; cnA+/cnA-1) Bank of Baroda (India; BBB-/Stable/A-3) Canara Bank (India; BBB-/Stable/A-3) Hong Leong Bank Bhd. (Malaysia; BBB+/Stable/A-2) PT Bank...
Companies mentioned in this report are: Bank of Baroda (Unsolicited Ratings),PT Bank CIMB Niaga Tbk. (Unsolicited Ratings),Metropolitan Bank & Trust Co. (Unsolicited Ratings),Canara Bank (Unsolicited Ratings),Hong Leong Bank Bhd. (Unsolicited Ratings),Dah Sing Bank Ltd. (Unsolicited Ratings),Banco De Oro Unibank Inc. (Unsolicited Ratings)
Action: Affirmed
Action: Outlook: Positive
Action: Outlook: Stable
Action: Upgraded
Action: Withdrawn
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
Bank of Baroda (Unsolicited Ratings),PT Bank CIMB Niaga Tbk. (Unsolicited Ratings),Metropolitan Bank & Trust Co. (Unsolicited Ratings),Canara Bank (Unsolicited Ratings),Hong Leong Bank Bhd. (Unsolicited Ratings),Dah Sing Bank Ltd. (Unsolicited Ratings),Banco De Oro Unibank Inc. (Unsolicited Ratings)
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