Fitch affirms Yuanta

Fitch Ratings said it affirmed Yuanta Financial Holding Co., Ltd. and its securities subsidiaries, Yuanta Securities Co., Ltd. and Yuanta Securities Finance Co., Ltd.

The agency also said it affirmed Yuanta Commercial Bank Co., Ltd.'s ratings.

The outlook remains stable.

The affirmations reflect the group's continuing dominant market position in Taiwan's securities industry, resilience through the cycle earnings performance, favorable financial flexibility and sound liquidity profile, Fitch said.

The ratings also indicate the group's relatively small franchise among regional investment banks, the agency said.

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