• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: Fubon Bank (Hong Kong) Ltd. 'BBB+/A-2' Rating Affirmed On Revised Criteria; Outlook Stable Dec 11 Product Image

Research Update: Fubon Bank (Hong Kong) Ltd. 'BBB+/A-2' Rating Affirmed On Revised Criteria; Outlook Stable Dec 11

  • Published: December 2011
  • Standard & Poors

Abstract
Following a review of Fubon Bank(Hong Kong)Ltd. (FBHK) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'BBB+/A-2' ratings and 'cnA+/cnA-1' Greater China credit scale ratings on the bank. Our ratings on FBHK reflect its 'a-' anchor and our view of the bank's "moderate" business position, "adequate" capital and earnings, "adequate" risk position, "below-average" funding, and "adequate" liquidity. The ratings on FBHK benefit from a one-notch uplift as we view the bank as a "strategically important" subsidiary of Fubon Financial Holding Co. Ltd. The stable outlook reflects our view that FBHK will maintain its satisfactory credit profile due to its prudent growth strategy, albeit with earnings constraints. As we previously announced, on Dec....

Companies mentioned in this report are: Fubon Bank (Hong Kong) Ltd.,Fubon Financial Holding Co. Ltd.
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 READ MORE >

Fubon Bank (Hong Kong) Ltd.,Fubon Financial Holding Co. Ltd.

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS