Fitch rates Yuanta Securities AA-(twn)

Fitch Ratings said it assigned Yuanta Securities Finance Co., Ltd. a national long-term rating of AA-(twn) and a national short-term rating of F1+(twn).

The outlook is stable.

The company is a wholly owned subsidiary of Yuanta Financial Holding Co., Ltd. (BBB+/AA-(twn)/stable) through Yuanta Securities Co., Ltd. (BBB+/AA-(twn)/stable).

Fitch said it believes there is an extremely high probability of Yuanta Securities Finance receiving support from the parent, if needed, given its role as core subsidiary of the parent group and the high level of management and operational integration.

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