Moody’s also affirmed the long-term deposit rating of HSBC Bank at A1, and that of Hang Seng Bank China at A2. Photo:Bloomberg

Moody’s upgrades HSBC’s China unit on asset quality and strong capitalisation, revises outlook to stable from negative

The ratings agency cites HSBC China’s lower-than-average, bad loan ratio and strong capitalisation

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Moody’s also affirmed the long-term deposit rating of HSBC Bank at A1, and that of Hang Seng Bank China at A2. Photo:Bloomberg
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