Fitch rates Taishin BBB

Fitch Ratings said it affirmed Taishin Financial Holdings Co.'s long-term foreign-currency issuer default rating at BBB and its principal operating subsidiary Taishin International Bank's long-term foreign-currency issuer default rating at BBB+.

The agency assigned long-term foreign-currency issuer default rating of BBB to subsidiary Taishin Securities Co., Ltd.

The short-term foreign-currency issuer default ratings are F3 for Taishin Financial and Taishin Securities and F2 for Taishin Bank.

The ratings reflect Taishin's well-established domestic consumer banking franchise, sound asset quality as well as adequate liquidity and capitalization, according to the agency.

The ratings are constrained by the Taishin Bank's moderate-sized franchise and somewhat concentrated loan portfolio, Fitch 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.