Fitch affirms E. Sun Securities

Fitch Ratings said it affirmed E. Sun Securities Co., Ltd.'s national long-term rating at AA-(twn) and its national short-term rating at F1+(twn).

The outlook is stable.

The agency said the ratings and outlook on E. Sun Securities remain tied to the risk profile of the group, which is driven mainly by that of E. Sun Bank.

The ratings reflect a high probability of institutional support from E. Sun Financial Holding Co., based on E. Sun Securities’ small size in relation to that of the parent group together with E. Sun Financial's obligation to provide support under Taiwan's Financial Holding Act, and a high level of integration.

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