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Prospect News home > News index > List of issuers B > Headlines for Bank SinoPac (China) Ltd. > News item |
Fitch ups SinoPac
Fitch Ratings said it upgraded the issuer default ratings for SinoPac Financial Holdings Co. Ltd. and its principal subsidiary Bank SinoPac to BBB+ from BBB and their national long-term ratings to AA-(twn) from A+(twn).
Fitch also upgraded Bank SinoPac (China) Ltd. to BBB from BBB-.
The agency cited an improving company profile and reduced appetite risk among the reasons for the upgrades.
The outlook is stable.
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