Fitch ups Waterland view to stable

Fitch Ratings said it revised the outlook on Waterland Financial Holdings and its subsidiaries International Bills Finance Corp. and Waterland Securities Corp. to stable from negative.

The agency also said it affirmed all of the ratings.

The actions follow an annual review of Waterland group's credit profile.

The outlook revision and affirmations reflect the group's capacity to maintain solid capitalization and liquidity, the agency said, despite the large credit losses arising from its asset-backed commercial paper underwriting position and the slowdown in Taiwan economy.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.