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WKN: 661725 / ISIN: HK2388011192

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02.12.2014 11:24:00

Nanyang Commercial Bank, Ltd. -- Moody's downgrades Nanyang Commercial Bank's ratings; outlook stable

Hong Kong, December 02, 2014 -- Hong Kong , December 2, 2014 -- Moody's Investors Service has today downgraded the long-term bank deposit ratings of Nanyang Commercial Bank, Ltd. to A1 from Aa3, and lowered the bank's baseline credit assessment (BCA) to baa1 from a3. The Bank Financial Strength Rating (BFSR) has been downgraded to C-. The banks' short term deposit ratings are affirmed at P-1. The outlook on the bank's ratings has been revised to stable from negative.

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