Moody’s to review HK currency limits

NEW YORK, January 13: Moody’s investors service placed Hong Kong’s short-term currency ceilings for bank deposits and other short-term obligations on review for possible downgrade. Moody’s said its review was prompted by present economic and financial turmoil in Hong Kong markets.

Moody’s placing the Prime-1 short-term rating of three banks on review for possible downgrade are Hongkong and Shanghai Banking Corpn, Hang Seng Bank and Bank of America (Asia) Ltd. AP