Fitch affirms Bank of Taiwan

Fitch Ratings said it affirmed Bank of Taiwan's national long-term rating at AAA(twn) and national short-term rating at F1+(twn).

The outlook remains stable.

The ratings reflect the high probability of government support, given its full state ownership and systemic importance to the Taiwanese banking sector, Fitch said.

The ratings also consider its adequate asset quality, strong funding and liquidity profile and sound capitalization, 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.