While its rivals may argue the merits of its claims, ANZ's super-regional strategy has been given the stamp of approval by a number of analysts.Standard & Poor's Ratings Services said yesterday that it had assigned its A+ long-term and A-1 short-term issuer credit ratings to the parent bank's Chinese operations. S&P based its assessment partly on the view that ANZ China operated from a "moderate" business position, had "strong" capital and earnings, an "adequate" risk position, "below average" funding and "adequate" liquidity. The ratings agency also noted the Chinese branch maintained a "highly strategically important" status in the eyes of its parent bank."Considering that ANZ China is a centerpiece in the execution by ANZ of its Asian expansion strategy, we believe that ANZ's commitment to ANZ China will remain strong and enduring over the medium-to-long term," said S&P credit analyst Gavin Gunnin Looking elsewhere in the region, the capital markets and corporate loan tables have been kind to ANZ this year. On the Thomson Reuters 'mandated arranger' league table for Asia Pacific, excluding Japan, ANZ is sitting in the number three spot, just in front of Singapore's DBS bank, and well ahead of the number five bank in the table, its Australian rival CBA.Also of interest is the performance of ANZ noted in East & Partners' "Asian Small Business FX Markets" review. East observed that ANZ is five years into its "Pan Asian" strategy and is building regional business both organically and off the back of its 2009 purchase of some Royal Bank of Scotland assets.And, although ANZ is not strongly focused on these small business segments, and while it has shown patchy market share performance in spot foreign exchange across the four markets, it does have a much stronger foothold in both FX options and forward FX on a regional basis than most banks in the region. "ANZ's market share in these products is encouraging… it enjoys market leading wallet share," said East's report. "This means that customers doing their FX options and forward trading with ANZ are spreading their wallets much less than customers of other risk solutions providers."