S&P affirms Shin Kong Financial

Standard & Poor's said it affirmed its BBB long-term counterparty credit rating and A-3 short-term rating on Shin Kong Financial Holding Co. Ltd.

The outlook is stable.

The agency said that the ratings on Shin Kong Financial reflect the company's good market position in Taiwan's competitive financial services industry, its average profitability and adequate capitalization.

On a stand-alone basis, Shin Kong Financial has satisfactory financial flexibility and adequate liquidity and capitalization, the agency added.

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