Moody's affirms Nanyang Commercial Bank's ratings; changes outlook to stable
Hong Kong, November 03, 2016-- Moody's Investors Service has today revised to stable from negative the outlook on the ratings of Nanyang Commercial Bank, Ltd.. At the same time, Moody's has affirmed the bank's baa2 Baseline Credit Assessment and Adjusted BCA, A3/P-2 deposit ratings, and A2/ P-1 Counterparty Risk Assessment. The outlook change follows Moody's decision to revise to stable from negative the outlook of its parent, China Cinda Asset Management Co., Ltd., as announced on 02...
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