Moody's downgrades DBS Bank (Hong Kong) and OCBC Wing Hang Bank's deposit ratings to A1; revises outlook to stable
Hong Kong, December 16, 2016-- Moody's Investors Service has taken the following rating actions on two Hong Kong subsidiaries of Singapore banks:. -Downgraded DBS Bank Limited's Baseline Credit Assessment to a3 from a2, its adjusted BCA to a1 from aa3, its long-term deposit ratings to A1 from Aa3, and its Counterparty Risk Assessment to Aa3 from Aa2. -Affirmed OCBC Wing Hang Bank Limited's BCA of a3, and downgraded its adjusted BCA to a1 from aa3, its long-term deposit ratings to A1 from...
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