Fitch Ratings affirmed Hang Seng Bank's long-term and short-term issuer default ratings at "AA" and "F1+", respectively, before withdrawing all of the bank's ratings, according to a Thursday ratings commentary.
Fitch also affirmed the bank's viability rating at "a+" and government support rating at "ns". The outlook on the long-term IDR was Stable at the time of withdrawal.
Fitch said the ratings reflected Hang Seng Bank's key role within HSBC (HKG:0005), with high integration in business, strategy, risk management, capital, and funding.
The ratings were withdrawn for commercial reasons, Fitch said.
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