Fitch: Bank of China Hong Kong's ratings assigned.

(From The Asian Banker Journal)

Fitch Ratings, the international rating agency, has today assigned a Long-term foreign currency rating of 'A' and a Short-term foreign currency rating of 'F1' to Bank of China Hong Kong ("BOCHK"). The Outlook on the ratings is Stable. At the same time, Fitch also upgraded the bank's individual rating to 'B/C' from 'C(s)' and affirmed the bank's Support rating at '2'. The ratings of BOCHK reflect its strong franchise, adequate financial profile with a significant improvement in asset quality over recent years, and the continued enhancement of its corporate governance and internal controls since late 2001 following some past problems in …