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Prospect News home > News index > List of issuers N > Headlines for Nan Shan Life Insurance Co. Ltd. > News item |
Fitch assigns A+ to Nan Shan notes
Fitch Ratings said it assigned an A+(twn) rating to Nan Shan Life Insurance Co. Ltd.’s planned Taiwan dollar-denominated subordinated bonds.
The agency simultaneously assigned a BBB+ issuer default rating and AA-(twn) national long-term rating.
Nan Shan will use the proceeds to strengthen its working capital and risk-based capital ratio.
The outlook is stable.
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