Cathay United Bank Ratings Raised to 'BBB+'/'A-2'; Other Cathay Group Ratings Affirmed Sep 04
Standard & Poors, September 2004
Abstract
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: Affirmed
Action: Outlook: Stable
Action: Upgraded
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.
- Cathay Financial Holding Co. Ltd.
- Cathay United Bank Co. Ltd.
- Cathay Century Insurance Co. Ltd.
- Cathay Life Insurance Co. Ltd.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
