S&P lifts Yuanta Commercial view to stable

S&P said it revised the outlook on its long-term counterparty credit rating on Yuanta Commercial Bank to stable from negative.

The agency also said it affirmed the BBB+ long-term and A-2 short-term counterparty credit ratings, as well as the cnA+/cnA-1 Greater China regional scale ratings on the bank.

The outlook revision reflects a view that the Yuanta Financial Holdings Co. Ltd. group and its core entities are likely to maintain strong capitalization over the next two years, S&P said.

This is indicated by the group's consolidated risk-adjusted capital ratio before diversification sustainably higher than 10%, the agency said.

Yuanta Commercial Bank is considered a core operating unit of the group and the outlook and ratings on the bank will move in tandem with the group credit profile, S&P noted.

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