Fitch revises Yuanta view to stable

Fitch Ratings said it revised the outlooks to stable from negative and affirmed the ratings on Yuanta Financial Holding Co., Ltd. and subsidiaries Yuanta Securities Co., Ltd., Yuanta Commercial Bank Co., Ltd., Yuanta Securities Asia Financial Services Ltd. and Yuanta Securities Finance Co., Ltd.

“The outlook revision on YFHC, YS, and YCB (Yuanta group) reflects Fitch's expectation that the Yuanta group will maintain its credit profile in 2020 and 2021 given the group has so far been able to absorb the impact of the coronavirus and will benefit from post-pandemic stabilization in the region's macro environment,” Fitch said in a press release.

The outlook on YSAF and YSF follows the outlook revision on Yuanta group because their ratings are based on institutional support from YFHC, the agency said.

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