Land Bank of Taiwan’s Ratings Affirmed with a Stable Outlook
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Ref: TW0 11 2 1 CRA00-01 23 March 202 2
Land Bank of Taiwan’s Ratings Affirmed with a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Sho rt-Term Foreign Currency Rating (ST FCR ) of Land Bank of Taiwan (LBOT) at ‘A’ and ‘A1’, respectively. At the same time, CI Ratings has affirmed LBOT ’s Bank Standalone Rating (BSR) of ‘bbb’, Core Financial Strength (CFS) rating of ‘bbb-’ and E xtraor dinary Support Level (ESL) of Very High. The Outlook for the LT FCR and BSR is Stable.
The Bank’s LT FCR is set three notches above the BSR to reflect the very high likelihood of extraordinary support given LBOT’s government ownership and CI’s internal assessment of the sovereign’s creditworthiness.
LBOT’s BSR is derived from a CFS rating of ‘bbb-’ and an Operating Environment Risk Anchor (…