Taiwan's Mega Securities ratings affirmed at 'twAA-'/'twA-1+' - Taiwan Ratings |
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Mon, 15 Oct 2007 12:04
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MUMBAI (Thomson Financial) - Taiwan Ratings Corp, a unit of Standard & Poor's, said it has affirmed its 'twAA-' long-term and 'twA-1+' short-term credit ratings with a stable outlook on Mega Securities Co Ltd on the securities firm's 'good' competitiveness in wholesale business.Taiwan Ratings said the ratings on Mega Securities continue to reflect the implicit support of Mega Financial Holding Co Ltd, its parent company.The ratings agency had earlier affirmed Mega Financial Holding's ratings at 'twAA' and 'twA-1+'.Taiwan Ratings said the stable outlook reflects its expectation that Mega Securities will maintain its financial profile over the medium term, bolstered by the company's more balanced business profile and continued support from the Mega group.It said the overall market position of the company, a securities-related business arm of Mega Group, is likely to further strengthen along with the ongoing integration with its parent.TFN.newsdesk@thomson.comman/aka/manCOPYRIGHTCopyright Thomson Financial News Limited 2007. All rights reserved.The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.
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Cathay United long-term ratings affirmed with stable outlook - Taiwan Ratings 