Hong Kong, May 28, 2015 -- Moody's Investors Service, ("Moody's") has today affirmed Nanyang Commercial Bank, Ltd.'s baseline credit assessment (BCA) at baa1 and deposit rating at A1/P-1. At the same time, the bank's rating outlook was revised to negative from stable, following the announcement by the bank's indirect parents BOC Hong Kong (Holdings) Limited and Bank of China Limited (deposits A1 stable, BCA baa2) on the potential sale of the bank to a third-party.
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