Moody’s stabilizes Taiwan bank view

Moody’s Investors Service said it changed the outlooks for three Taiwanese banks and one holding company to stable from positive and affirmed their ratings.

The issuers are Bank of Taiwan, Land Bank of Taiwan, Mega International Commercial Bank and Mega Financial Holding Co. Ltd.

The revisions follow a similar action on the government’s of Taiwan’s Aa3 ratings and the outlook to stable from positive, Moody’s said.

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