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Published on 7/26/2011 in the Prospect News Emerging Markets Daily.

Fitch affirms E. Sun

Fitch Ratings said it affirmed E. Sun Securities Corp.'s national long-term rating at A(twn) and short-term rating at F1(twn).

The outlook is stable.

Despite its small scale and the earnings volatility typically inherent in securities industry, E. Sun showed less volatile profitability and greater balance sheet prudence than its similarly-rated peers, Fitch said.

The company will continue to focus on growing its core earnings while remaining conservative in proprietary trading and prudent in risk control, the agency added.


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