Cathay United Bank Ratings Raised to 'BBB+'/'A-2'; Other Cathay Group Ratings Affirmed Sep 04
- ID: 2153090
- September 2004
- Standard & Poors
Hong Kong (Standard & Poor's) Sept. 8, 2004--Standard & Poor's Ratings Services said today that it had affirmed its 'BBB+' long-term counterparty credit rating and its 'A-2' short-term credit rating on Cathay Financial Holding Co. Ltd. (Cathay FHC) of Taiwan. The outlook on the long-term rating is stable. Standard & Poors' also raised its long-term counterparty credit rating on Cathay United Bank Co. Ltd. (CUB) to 'BBB+' from 'BBB' and its short-term credit rating on the bank to 'A-2' from 'A-3'. The outlook on the long-term rating is stable. Standard and Poor's also affirmed it's 'A-' insurer financial strength and counterparty credit ratings on Cathay Century Insurance Co. Ltd. (Cathay Century). The outlook on the ratings is stable. Standard &...
Companies mentioned in this report are:
- Cathay Financial Holding Co. Ltd.
- Cathay United Bank Co. Ltd.
- Cathay Century Insurance Co. Ltd.
- Cathay Life Insurance Co. Ltd.
Action: Outlook: Stable
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