Moody's Investors Service said it might downgrade HSBC Bank Middle East due to pressures on asset quality and profitability in the regional countries that the bank operates.
The ratings agency said that the bank's Aa2 long-term local currency rating and the foreign currency deposit and debt ratings were also placed under review for possible downgrade.
Moody's said it also placed bank's financial strength rating, global local currency deposit ratings: foreign currency deposit ratings: foreign currency debt rating for senior debt obligations and foreign currency debt rating for subordinated obligations have also been put on the watch list for possible downgrade.
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