Fitch rates BankTaiwan AA+(twn)

Fitch Ratings said it assigned BankTaiwan Securities a national long-term rating of AA+(twn) and national short-term rating of F1+(twn).

The outlook is stable.

The ratings are predicated on the extremely high probability of ultimate parental support in the form of liquidity and capital assistance by the government, Fitch said.

The ratings also consider its relatively small brokerage franchise and undiversified revenue sources, but takes into account its good liquidity and sound capitalization, the agency said.

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