Fitch affirms Shin Kong Financial; revises outlook to stable
Fitch Ratings has affirmed ratings on Shin Kong Financial Holding Co. Ltd. (SKFH) and its subsidiaries Shin Kong Life Insurance Company Ltd. (SKL) and Taiwan Shin Kong Commercial Bank (SKB), and simultaneously revised the Outlook to Stable from Positive.
At the same time, the agency has upgraded certain ratings of Shin Kong Securities (SKSC) and revised the Outlook to Stable from Positive. The full ratings are listed below.
- SKFH: Long-term Issuer Default Rating (IDR) ‘BBB-’ (BBB minus)/Stable, Short-term ‘F3′, National Long-term ‘A(twn)’/Stable and National Short-term ‘F1(twn)’; –www.theasianbanker.com (May 30 2008)–