Fitch affirms Wing Hang Bank

Fitch Ratings said it affirmed Wing Hang Bank's long-term issuer default rating at A-, short-term issuer default rating at F2, individual rating at B/C and support rating at 3. The support rating floor remains unchanged at BB. The agency also affirmed the BBB+ ratings on its subordinated notes.

The outlook remains stable.

The ratings reflect the company's prudent management, sound asset quality, adequate capitalization and consistently good profitability, Fitch said.

Fitch said it expects the bank to maintain its high capitalization, given the bank's growing exposure to the potentially more volatile markets of China and Macau.

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