Fitch may up Taiwan International

Fitch Ratings said it placed various ratings of Taiwan International Securities Corp. on Rating Watch positive, following the merger announcement with Capital Securities Corp.

Fitch said the sale has led to a resolution of the ownership dispute between Taiwan International's two largest shareholders, which will help alleviate the pressure on its earnings and franchise.

The positive watch reflects a view that Taiwan International could benefit from being part of the larger and more diversified securities firm, the agency said.

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