- Language: English
- 63 Pages
- Published: October 2011
- Region: Hong Kong
Research Update: Fubon Bank (Hong Kong) Ltd. 'BBB+/A-2' Rating Affirmed On Revised Criteria; Outlook Stable Dec 11
- Published: December 2011
- Standard & Poors
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.
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Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Fubon Bank (Hong Kong) Ltd.,Fubon Financial Holding Co. Ltd.
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