| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers T > Headlines for Taiwan Cooperative Bills Finance Corp. > News item |
Fitch lifts Taiwan Cooperative Bills
Fitch Ratings said it upgraded the long-term issuer default rating of Taiwan Cooperative Bills Finance Corp. to A from A-.
The agency also said it upgraded the national long-term ratings of the company and Taiwan Cooperative Securities Co., Ltd. to AA+(twn) from AA(twn).
The outlook is stable.
The companies benefit from the extremely high probability of support from sole parent – Taiwan Cooperative Financial Holding Co., Ltd., Fitch explained.
The upgrades reflect the increased financial flexibility that the Taiwan sovereign has to support state-controlled banks, the agency said.
The upgrades also consider the banks’ enhanced credit strength from stronger state support, 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.