Moody's downgrades Chiyu Bank's deposit ratings to A2; continues review for downgrade
Hong Kong, January 03, 2017-- Moody's Investors Service has downgraded Chiyu Banking Corporation, Ltd.' s long-term deposit ratings to A2 from A1, and its long-term Counterparty Risk Assessment to A1 from Aa3. The rating action follows an announcement by Bank of China Limited and BOC Hong Kong Limited on 22 December 2016.. According to that announcement, Bank of China Limited has entered into a sale-and-purchase agreement with Xiamen International Investment Limited and the...
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