Fitch: Ta Chong BBB+(twn)

Fitch Ratings said it assigned national long-term ratings of BBB+(twn) to Ta Chong Securities Co., Ltd. and Ta Chong Futures Co., Ltd., along with national short-term ratings of F2(twn) on both companies.

The outlook is stable.

The ratings reflect its moderate leverage, adequate liquidity and sound capitalization, Fitch said.

They are constrained by the company's small securities franchise and susceptibility to market volatility, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.