Fitch affirms Oriental Securities

Fitch Ratings said it affirmed Oriental Securities Corp.'s long-term foreign-currency issuer default rating at BBB-, short-term foreign-currency issuer default rating at F3, national long-term rating at A(twn), national short-term rating at F1(twn).

The outlook is stable.

The ratings are based on its strong capitalization and good liquidity, Fitch said, and also take into account its less diversified business profile and high earnings variability.

Fitch noted that the company continues to maintain a high level of liquidity and a strong capital cushion, as market risks remain elevated with high volatility in equity and fixed-income instruments.

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