Fitch: Primasia view to stable

Fitch Ratings said it revised the outlook on the national long-term rating of Primasia Securities Co., Ltd. to stable from negative, and affirmed its national long-term rating at BBB-(twn) and national short-term rating at F3(twn).

The outlook revision reflects the fact that the company returned to profit in 2009 after suffering hefty losses in 2008, Fitch said, and that its liquidity and capitalization have improved.

The agency noted that Primasia's market risk exposures remains high due to its high investment concentration in equities, rendering the company vulnerable to stock market volatility.

© 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.