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Unsolicited Ratings On Five Asian Banks Affirmed, Two Banks Upgraded; All Ratings Then Withdrawn Dec 11 Product Image

Unsolicited Ratings On Five Asian Banks Affirmed, Two Banks Upgraded; All Ratings Then Withdrawn Dec 11

  • ID: 2036050
  • December 2011
  • Region: Asia
  • Standard & Poors

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 All ratings were then withdrawn due to low level of market interest.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)
- Hong Leong Bank Bhd. (Unsolicited Ratings)
- Dah Sing Bank Ltd. (Unsolicited Ratings)
- Banco De Oro Unibank Inc. (Unsolicited Ratings)
- Canara Bank (Unsolicited Ratings)
- Metropolitan Bank & Trust Co. (Unsolicited READ MORE >

- Bank of Baroda (Unsolicited Ratings)
- PT Bank CIMB Niaga Tbk. (Unsolicited Ratings)
- Hong Leong Bank Bhd. (Unsolicited Ratings)
- Dah Sing Bank Ltd. (Unsolicited Ratings)
- Banco De Oro Unibank Inc. (Unsolicited Ratings)
- Canara Bank (Unsolicited Ratings)
- Metropolitan Bank & Trust Co. (Unsolicited Ratings)

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