S&P: Taiwan Business Bank BBB

S&P said it assigned BBB long-term and A-2 short-term issuer credit ratings on Taiwan Business Bank.

The agency also said it assigned a cnA+ long-term and cnA-1 short-term Greater China regional scale ratings to the bank.

The outlook is positive.

The ratings reflect the bank's stable market share and franchise in Taiwan, as well as its adequate funding and liquidity profile, S&P said.

The ratings also reflect the bank’s government ownership and moderate systemic importance with a moderately high likelihood of extraordinary government support if needed, the agency said.

The bank's slim earning capacity, slightly below-average asset quality and bad debt coverage partly offset these strengths, S&P said.

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