Fitch ups Grand Bills Finance view to stable

Fitch Ratings said it revised the rating outlook on Grand Bills Finance Corp. to stable from negative and affirmed all its ratings.

These actions reflect the company's high capital adequacy, as well as its improved liquidity and profitability after a large write-down of low quality asset-backed commercial paper in 2008, Fitch said.

Its limited business scope and Taiwan's likely interest rate volatility are factors that constrain its ratings, the agency said.

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