London, 02 November 2016 -- Moody's Investors Service has today upgraded to B3 from Caa1 the long-term local and foreign-currency deposit ratings of FHB Mortgage Bank Co. Plc. (FHB). Concurrently, the bank's long-term Counterparty Risk Assessment (CRA) was upgraded to B1(cr) from B2(cr), its adjusted BCA was upgraded to caa1 from caa2 and its baseline credit assessment (BCA) was confirmed at caa2. The outlook on the long-term deposit ratings is stable. FHB's short-term Not-Prime deposit ratings and Not-Prime(cr) CRA remain unaffected.

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