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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.
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