Fitch rates Yuanta Securities notes BBB

Fitch Ratings said it assigned Yuanta Securities Asia Financial Services Ltd. a long-term issuer default rating of BBB and a short-term issuer default rating of F2.

The outlook is stable.

The agency also assigned an expected BBB rating to the company's proposed $50 million senior unsecured notes due 2023.

Yuanta Securities Asia is a wholly owned subsidiary of Yuanta Financial Holding Co., Ltd. (BBB+/stable) through Yuanta Securities Co., Ltd. (BBB+/stable).

Fitch said Yuanta Securities Asia’s ratings are credit linked to those of Yuanta Financial and notched one level below, reflecting a view of a high probability of support from the parent due to its strategic importance to the group.

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