Moody's: Confirmed China Merchants Bank's "Baa2" long-term foreign currency issuer rating outlook adjusted to "stable"

On June 17th, Moody's confirmed the Baa2/P-2 local and foreign currency issuer ratings of China Cinda (HK) Holdings Company Limited, also known as "Cinda Hong Kong". At the same time, Moody's downgraded Cinda Hong Kong's Baseline Credit Assessment (BCA) from "ba3" to "b1".