Fitch affirms TaChing Bills

Fitch Ratings said it affirmed TaChing Bills Finance Corp.'s national long-term rating at A-(twn) and national short-term rating at F2(twn).

The outlook remains stable.

The ratings are constrained by its small franchise, lack of diversification and high market risk exposure, Fitch said.

However, the ratings also take into account the company's sound asset quality, good liquidity and adequate capitalization, the agency added.

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