Taiwan Cooperative Bank – Ratings Affirmed w ith a Stable Outlook
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Summary
Ref: TW0 16 2 1 CRA00- 0 1 23 March 202 2
Taiwan Cooperative Bank – Ratings Affirmed w ith a Stable Outlook
Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the L ong-Term Foreign Currency Rating (LT FCR) and Sho rt-Term Foreign Currency Rating (ST FCR ) of Taiwan Cooperative Bank (TCB) at ‘ A- ’ and ‘ A2 ’ , respectively. At the same time, CI Ratings has affirmed TCB’s B ank S tandalone R ating (BSR) of ‘ bbb ’ , C ore F inancial S trength (CFS) rating of ‘ bbb- ’ and E xtrao rdinary S upport L evel (ESL) of High. The Outlook for the LT FCR and BSR is Stable.
The Bank ’ s LT FCR is set two notches above the BSR to reflect the high likelihoo d of extraordinary support from the government. The ESL of High is underpinned by the Bank ’ s size and its systemic importance, along with the government ’ s moderate –…