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S&P reviews Halk Bank
Standard & Poor's said it placed its B+ long-term counterparty credit rating on Halk Bank on CreditWatch with negative implications.
The B short-term counterparty credit rating was affirmed.
S&P said the CreditWatch placement reflects its view that Halk Bank's creditworthiness is under increasing pressure because high loan growth has weakened its capitalization, leading to a breach of the minimum regulatory requirement. The bank's capital ratio stood at 8.8% as of July 1, versus the regulatory 10% minimum.
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