S&P rates Hang Seng Bank A

Standard & Poor's said it assigned its A long-term and A-1 short-term counterparty credit ratings to Hang Seng Bank (China) Ltd.

The outlook is stable.

The ratings primarily reflect the bank's status as a core subsidiary of its parent, Hang Seng Bank Ltd., and the HSBC Holdings plc group.

Hang Seng China's standalone strengths include its good asset quality and sound capitalization, the agency said. These strengths are underpinned by the benefits the bank receives from its parent group in terms of senior personnel, risk management, and funding, S&P added.

Weak points include its small market share and marginal profitability, the agency said.

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