Fitch affirms Oriental Securities

Fitch Ratings said it affirmed Oriental Securities Corp.'s long-term foreign-currency issuer default rating at BBB- and its short-term foreign-currency issuer default rating at F3.

The outlook is stable.

The ratings are based on its satisfactory capitalization, ample liquidity and good asset quality, Fitch said.

Those positive factors mitigate its volatile profitability, the agency said.

© 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.