Research Update: Taiwan Shin Kong Commercial Bank 'BBB/A-2' Ratings Affirmed On Revised Criteria; Outlook Stable Dec 11
- Language: English
- Published: December 2011
- Region: Taiwan
Strong franchise in Taiwan's life insurance industry Strong liquidity Satisfactory financial flexibility Mediocre capitalization relevant to its risk profile Moderate profitability by local standards The ratings on Shin Kong Financial Holding Co. Ltd. (Shin Kong FHC; BBB-/Stable/A-3) reflect the group's strong market franchise in Taiwan's life insurance market, strong liquidity, and satisfactory financial flexibility. Counterbalancing factors include the group's mediocre capitalization and moderate profitability. The ratings on Shin Kong FHC also reflect its relative subordination to its core operating subsidiaries. Shin Kong FHC is a midsize insurance-centric financial holding company with strong franchise in Taiwan's life insurance industry. Shin Kong Life Insurance Co. Ltd. (BBB/Stable/--) is the flagship and core subsidiary of Shin Kong FHC and accounted for about 76%...
Companies mentioned in this report are: Shin Kong Financial Holding Co. Ltd.,Shin Kong Life Insurance Co. Ltd.,Taiwan Shin Kong Commercial Bank
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Research Type: Full Analysis
Shin Kong Financial Holding Co. Ltd.,Shin Kong Life Insurance Co. Ltd.,Taiwan Shin Kong Commercial Bank