Fitch affirms Dah Chung

Fitch Ratings said it affirmed the ratings of Dah Chung Bills Finance Corp. including its long-term foreign-currency issuer default rating at BBB-, national long-term rating at A(twn), short-term foreign-currency rating at F3, national short-term rating at F1(twn), individual rating at C and support rating at 4.

The outlook remains stable.

These affirmations follow an annual review of the company. The ratings reflect the company's solid capitalization and adequate asset quality, Fitch said.

While its investment portfolio has a relatively low risk profile, the agency said this is offset by weaknesses such as concentrated credit exposure and the potential liquidity risk arising from the maturity timing mismatch between assets and liabilities.

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