Fitch affirms Wing Hang Bank

Fitch Ratings said it affirmed Wing Hang Bank Ltd.'s long-term foreign- and local-currency issuer default ratings at A-, short-term issuer default rating at F2 and subordinated notes at BBB+.

The outlook remains negative.

The ratings take into account its good asset quality and sound capital adequacy, Fitch said, as well as its good underlying profitability.

The outlook is negative given the difficult economic environment and the possibility of loan quality deterioration, the agency said.

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