Fitch rates EnTie bonds A-(twn)

Fitch Ratings said it assigned a national long-term rating of A-(twn) to EnTie Commercial Bank's outstanding senior unsecured bonds totalling NT$16 billion.

The national long-term rating assigned to the issue is the same as the bank's national long-term rating and is in compliance with Fitch's criteria on senior bond instruments of financial institutions, the agency said.

According to the agency, EnTie suffered significant credit losses in the early and mid-2000s and was severely undercapitalized.

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