0 CHECKOUT

Research Update: Yuanta Commercial Bank Ratings Affirmed Following Acquisition Announcement Oct 09

  • ID: 1858477
  • October 2009
  • Standard & Poors

Abstract
Yuanta Commercial Bank acquired part of the assets and liabilities of Chinfon Commercial Bank through government auction. We are affirming the ratings on Yuanta Bank as we believe the impact of the acquisition will be absorbable. The outlook on the ratings is stable. On Oct. 28, 2009, Standard and Poor's affirmed its 'BBB' long-term counterparty credit ratings and 'A-2' short term ratings on Yuanta Commercial Bank. The ratings affirmation reflects our view that the acquisition of part of the assets and liabilities of Chinfon Commercial Bank (not rated) will not have a significant impact on the financial profile of Yuanta Commercial Bank as well as the Yuanta Financial Holding Co. (Yuanta FHC) group. The acquired book is about 4% of...

Companies mentioned in this report are: Yuanta Commercial Bank,Taiwan (Unsolicited Ratings),Yuanta Securities Co. Ltd.,Yuanta Financial Holdings Co. Ltd.
Action: Affirmed
Action: Outlook: Stable

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 READ MORE >

Note: Product cover images may vary from those shown

Yuanta Commercial Bank,Taiwan (Unsolicited Ratings),Yuanta Securities Co. Ltd.,Yuanta Financial Holdings Co. Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

PLEASE SELECT A FORMAT

  • Quick Help: This Credit Rating Report will be emailed to you.

HAVE A QUESTION?

If you have a more general question about our products please try our

FAQ SECTION

RELATED PRODUCTS

Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.