- Language: English
- 108 Pages
- Published: January 2012
- Region: China
Summary: Mega International Commercial Bank Co. Ltd. (Sydney Branch) Dec 08
- Published: December 2008
- Region: Global
- Standard & Poors
The counterparty ratings on Mega International Commercial Bank Co. Ltd., Sydney Branch (Mega ICBC, Sydney; formerly The International Commercial Bank of China, Sydney Branch) have been equalized with that on its head office in Taiwan, Mega International Commercial Bank Co. Ltd. (Mega Bank; A/Negative/A-1). The ratings on Mega Bank reflect the bank's strong geographical diversification relative to other Taiwanese banks, strong market position in Taiwan's foreign exchange and trade finance markets, strong funding and liquidity profile, and above-average asset quality. They also reflect a degree of government support. Counterbalancing factors include the bank's moderate profitability by international standards, though above-average in a domestic context, and the need to further enhance its market risk management to better comprehend the growing complexity...
Companies mentioned in this report are: Mega International Commercial Bank Co. Ltd. (Sydney Branch),Mega International Commercial Bank Co. Ltd.,Mega 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Mega International Commercial Bank Co. Ltd. (Sydney Branch),Mega International Commercial Bank Co. Ltd.,Mega Financial Holding Co. Ltd.