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Shin Kong Life Insurance Co. Ltd. Jul 07
Standard & Poors, July 2007
Strong business franchise and market position Moderate operating performance Satisfactory investment profile Adequate capitalization Challenges to generate profitable new business amid strong competition Potential resource support for other group members The ratings on Shin Kong Life Insurance Co. Ltd. (Shin Kong Life) reflect the company's strong business franchise and market position, moderate operating performance, satisfactory investment profile, and adequate capitalization. These positive factors are tempered by the challenges it faces to generate profitable new business amid strong competition. As the core subsidiary of Shin Kong Financial Holding Co. Ltd. (Shin Kong FHC; BBB/Stable/A-3), Shin Kong Life may be required on a regular basis, or in exceptional circumstances, to provide surplus resources to other group members. Shin Kong Life has a...
Companies mentioned in this report are: Shin Kong Life Insurance Co. Ltd.,Taiwan Shin Kong Commercial Bank,Shin Kong Financial Holding Co. Ltd.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Shin Kong Life Insurance Co. Ltd.,Taiwan Shin Kong Commercial Bank,Shin Kong Financial Holding Co. Ltd.