Lianhe Global has assigned ‘A’ global scale Long-term Issuer Credit Rating with Stable Outlook to The Bank of East Asia, Limited (“BEA” or “the bank”)
The Issuer Rating reflects BEA’s established market position, strong capitalization and adequate funding and liquidity profile. The rating also considers its moderate profitability and still significant commercial real-estate related exposure which may pressure its asset quality. In addition, we expect a moderate possibility of extraordinary support to be provided by the Hong Kong government, if needed, considering BEA’s significant asset market share in Hong Kong’s banking system.
The Stable Outlook reflects our expectation that BEA will maintain its prudent risk control and capital position to withstand unfavorable market movements.