Taiwan's Jih Sun Group ratings affirmed - Fitch |
|
|
|
Published
:
Wed, 17 Oct 2007 06:49
|
MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed the ratings of Jih Sun Group, namely Jih Sun Financial Holding Co Ltd and that of subsidiaries Jih Sun Intl Bank and Jih Sun Securities Corp Ltd.The ratings agency affirmed Jih Sun Financial Holding's long-term foreign currency issuer default rating (IDR) at 'BB+' and short-term foreign currency IDR at 'B', saying they reflect its adequate capitalisation, liquidity and improved credit culture.Fitch also affirmed the company's national long-term rating at 'A-(twn)', national short-term rating at 'F2(twn)', individual rating at 'D', support rating at '5' and support rating floor at 'NF', with a stable outlook.Jih Sun Intl Bank's long-term foreign currency IDR was affirmed at 'BB+' and short-term foreign currency IDR at 'B', based on group support, Fitch said.Fitch said even though the company's net losses narrowed significantly in first-half of 2007, mainly due to a sizeable decline in bad loan losses, its underlying profitability has slowed down.The ratings agency affirmed Jih Sun Securities' long-term foreign currency IDR at 'BBB-' and short-term foreign currency IDR at 'F3', saying they reflects its consistently good profitability, liquidity and capitalisation.Fitch also affirmed the company's national long-term rating at 'A(twn)', national short-term rating at 'F1(twn)', individual rating at 'C/D', support rating at '5' and support rating floor at 'NF', with a stable outlook.TFN.newsdesk@thomson.comapm/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.
|
|
|
|
Print this Story
Taiwan's Mega Securities ratings affirmed at 'twAA-'/'twA-1+' - Taiwan Ratings 