|
|
 |
|
Viewing report
|
|
|
|
Bank SinoPac 'BBB-'/'A-3' Ratings Affirmed; Outlook Stable Sep 03
Standard & Poors, Sep 2003
Abstract
HONG KONG (Standard & Poor's) Sept. 16, 2003--Standard & Poor's Ratings Services said today that it had affirmed its 'BBB-' long-term counterparty credit rating and 'A-3' short-term credit rating on Bank SinoPac of Taiwan. The outlook on the long-term rating is stable. The ratings reflect Bank SinoPac's good asset quality, clear business strategy, and adequate capitalization. Counterbalancing these strengths, however, are the bank's still-small market share and Taiwan's highly competitive banking environment. Bank SinoPac, established in 1992, has successfully differentiated itself through product innovation and customer segmentation. The bank is developing its electronic banking platform to reduce the effect of its size limitations on its business development. Bank SinoPac formed SinoPac Holdings (BB+/Stable/B) with SinoPac Securities Corp. in May 2002....
Companies mentioned in this report are: Bank SinoPac,SinoPac Securities Corp.,SinoPac Holdings
Action: Affirmed
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
