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Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PR_184843_600070603</link><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PR_184843_600070603</moodys:docid><guid isPermaLink="false">moodys/PR_184843_600070603</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><pubDate>13 Aug 2009 05:09:16 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Cathay Life Insurance Co., Ltd</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Cathay Financial Holding Co., Ltd</moodys:issuer><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Fubon Financial Holding Co., Ltd.</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Cathay Financial Holding Co., Ltd; Cathay Life Insurance Co., Ltd; ...</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600070603</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600066579</moodys:org_id><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600062730</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:printdate xmlns:moodys="http://www.alacra.com/moodys">12 Aug 2009</moodys:printdate><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Announcement</moodys:report_type><moodys:sector xmlns:moodys="http://www.alacra.com/moodys">C</moodys:sector><title>Moody's says troubled Kuo Hua Life atypical of Taiwan life industry</title><description>Global Credit Research Announcement ## AUG ####   Announcement: Cathay Life Insurance Co., Ltd Moody's says troubled Kuo Hua Life atypical of Taiwan life industry Hong Kong, August ##, #### -- Moody's Investors Service says in a new...</description><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><title>Cathay Sec Invest Consulting acquires Yi-Tai Venture Capital Co Ltd from Cathay Financial Hldg Co Ltd (pending)</title><description>TAIWAN - Cathay Securities Investment Consulting Co Ltd, a wholly-owned unit of Cathay Financial Holding Co Ltd (Cathay Financial), planned to merge with Yi-Tai Venture Capital Co Ltd, a venture capital firm and a ##%-owned unit of Cathay Financial.</description><pubDate>30 Apr 2009 10:48:12 EST</pubDate><sdc:company_cusip xmlns:sdc="http://www.alacra.com/sdc">14908J</sdc:company_cusip><sdc:target_company_cusip xmlns:sdc="http://www.alacra.com/sdc">98662V</sdc:target_company_cusip><sdc:company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">14914W</sdc:company_cusip_up><sdc:target_company_cusip_up xmlns:sdc="http://www.alacra.com/sdc">14914W</sdc:target_company_cusip_up><sdc:company xmlns:sdc="http://www.alacra.com/sdc">Cathay Securities Investment Consulting Co Ltd</sdc:company><sdc:target_company xmlns:sdc="http://www.alacra.com/sdc">Yi-Tai Venture Capital Co Ltd</sdc:target_company><sdc:company_up xmlns:sdc="http://www.alacra.com/sdc">Cathay Financial Holding Co Ltd</sdc:company_up><sdc:target_company_up xmlns:sdc="http://www.alacra.com/sdc">Cathay Financial Holding Co Ltd</sdc:target_company_up><link>http://www.alacrastore.com/storecontent/Thomson_M%26A/Cathay_Sec_Invest_Consulting_acquires_Yi_Tai_Venture_Capital_Co_Ltd_from_Cathay_Financial_Hldg_Co_Ltd-2069242040</link><guid isPermaLink="false">sdc/2069242040</guid><sdc:deal xmlns:sdc="http://www.alacra.com/sdc"><sdc:deal_no>2069242040</sdc:deal_no><sdc:_copyright><sdc:value>Copyright Â© 2009, Thomson Financial, All Rights Reserved</sdc:value></sdc:_copyright><sdc:a_MAINDUSTRY><sdc:value>Business Services</sdc:value></sdc:a_MAINDUSTRY><sdc:a_NATION><sdc:value>Taiwan</sdc:value></sdc:a_NATION><sdc:a_SICDESC><sdc:value>Business consulting services, nec</sdc:value></sdc:a_SICDESC><sdc:a_SICPI><sdc:value>8748</sdc:value></sdc:a_SICPI><sdc:a_STATE><sdc:value>FF</sdc:value></sdc:a_STATE><sdc:a_STATELONG><sdc:value>Foreign</sdc:value></sdc:a_STATELONG><sdc:a_STATUS><sdc:value>Subsidiary</sdc:value></sdc:a_STATUS><sdc:asic_SIC><sdc:value sdc:p="0">8742:Management consulting services</sdc:value><sdc:value sdc:p="1">8748:Business consulting services, nec</sdc:value></sdc:asic_SIC><sdc:aupsic_SIC><sdc:value sdc:p="0">6282:Investment advice</sdc:value><sdc:value sdc:p="1">6289:Security and commodity services, nec</sdc:value></sdc:aupsic_SIC><sdc:b_MAINDUSTRY><sdc:value>Investment &amp; 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The</sdc:value><sdc:value sdc:p="3">company is headquartered in</sdc:value><sdc:value sdc:p="4">Taiwan.</sdc:value></sdc:g_TEST><sdc:g_business><sdc:value sdc:p="0">Cathay Securities Investment Consulting Co Ltd provides</sdc:value><sdc:value sdc:p="1">consulting services. The company is headquartered in Taiwan.</sdc:value></sdc:g_business><sdc:g_business1><sdc:value>Cathay Securities Investment Consulting Co Ltd provides consulting services. The company is headquartered in Taiwan.</sdc:value></sdc:g_business1><sdc:h_SEQ><sdc:value sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value></sdc:h_SEQ><sdc:h_TEST><sdc:value sdc:p="0">Yi-Tai Venture Capital Co</sdc:value><sdc:value sdc:p="1">Ltdis a venture capital firm.</sdc:value><sdc:value sdc:p="2">The company is headquartered</sdc:value><sdc:value sdc:p="3">in Taiwan.</sdc:value></sdc:h_TEST><sdc:h_business><sdc:value sdc:p="0">Yi-Tai Venture Capital Co Ltdis a venture capital firm. The</sdc:value><sdc:value sdc:p="1">company is headquartered in Taiwan.</sdc:value></sdc:h_business><sdc:h_business1><sdc:value>Yi-Tai Venture Capital Co Ltdis a venture capital firm. The company is headquartered in Taiwan.</sdc:value></sdc:h_business1><sdc:i_AFEEPCT><sdc:value>0.00000</sdc:value></sdc:i_AFEEPCT><sdc:i_AFEETOT><sdc:value>0.00000</sdc:value></sdc:i_AFEETOT><sdc:i_ATERMFEE><sdc:value>0.00000</sdc:value></sdc:i_ATERMFEE><sdc:i_COMOUT><sdc:value>0.00000</sdc:value></sdc:i_COMOUT><sdc:i_CROSS1><sdc:value>N</sdc:value></sdc:i_CROSS1><sdc:i_DATEANN><sdc:value>28 Apr 09</sdc:value></sdc:i_DATEANN><sdc:i_DATEANN2><sdc:value>Tue, 28 Apr 2009 00:00:00 EST</sdc:value></sdc:i_DATEANN2><sdc:i_DATEANNS><sdc:value>Date Announced: 04/28/2009</sdc:value></sdc:i_DATEANNS><sdc:i_DATEEFFS><sdc:value>Date 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sdc:p="0">1.00000</sdc:value><sdc:value sdc:p="1">2.00000</sdc:value><sdc:value sdc:p="2">3.00000</sdc:value><sdc:value sdc:p="3">4.00000</sdc:value><sdc:value sdc:p="4">5.00000</sdc:value><sdc:value sdc:p="5">6.00000</sdc:value><sdc:value sdc:p="6">7.00000</sdc:value><sdc:value sdc:p="7">8.00000</sdc:value><sdc:value sdc:p="8">9.00000</sdc:value></sdc:n_SEQ><sdc:n_SYNOPSIS><sdc:value sdc:p="0">TAIWAN - Cathay Securities</sdc:value><sdc:value sdc:p="1">Investment Consulting Co Ltd,</sdc:value><sdc:value sdc:p="2">a wholly-owned unit of Cathay</sdc:value><sdc:value sdc:p="3">Financial Holding Co Ltd</sdc:value><sdc:value sdc:p="4">(Cathay Financial), planned</sdc:value><sdc:value sdc:p="5">to merge with Yi-Tai Venture</sdc:value><sdc:value sdc:p="6">Capital Co Ltd, a venture</sdc:value><sdc:value sdc:p="7">capital firm and a 67%-owned</sdc:value><sdc:value sdc:p="8">unit of Cathay Financial.</sdc:value></sdc:n_SYNOPSIS><sdc:n_synopsis2><sdc:value>TAIWAN - Cathay Securities Investment Consulting Co Ltd, a wholly-owned unit of Cathay Financial Holding Co Ltd (Cathay Financial), planned to merge with Yi-Tai Venture Capital Co Ltd, a venture capital firm and a 67%-owned unit of Cathay Financial.</sdc:value></sdc:n_synopsis2><sdc:n_synopsis3><sdc:value sdc:p="0">TAIWAN - Cathay Securities Investment Consulting Co Ltd, a wholly-owned unit of Cathay</sdc:value><sdc:value sdc:p="1">Financial Holding Co Ltd (Cathay Financial), planned to merge with Yi-Tai Venture Capital</sdc:value><sdc:value sdc:p="2">Co Ltd, a venture capital firm and a 67%-owned unit of Cathay Financial.</sdc:value></sdc:n_synopsis3><sdc:n_synopsis4><sdc:value sdc:p="0">TAIWAN - Cathay Securities Investment Consulting Co Ltd, a wholly-owned unit of Cathay Financial Holding Co Ltd (Cathay Financial), planned to merge with Yi-Tai Venture Capital Co Ltd, a venture</sdc:value><sdc:value sdc:p="1">capital firm and a 67%-owned unit of Cathay Financial.</sdc:value></sdc:n_synopsis4><sdc:n_synopsis5><sdc:value sdc:p="0">TAIWAN - Cathay Securities Investment Consulting Co Ltd, a wholly-owned unit of Cathay Financial Holding Co Ltd (Cathay Financial),</sdc:value><sdc:value sdc:p="1">planned to merge with Yi-Tai Venture Capital Co Ltd, a venture capital firm and a 67%-owned unit of Cathay Financial.</sdc:value></sdc:n_synopsis5><sdc:q_DESCR><sdc:value>Pending</sdc:value></sdc:q_DESCR><sdc:q_HOSTANETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTANETASS><sdc:q_HOSTANILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTANILTM><sdc:q_HOSTASALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTASALESLTM><sdc:q_HOSTATASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTATASS><sdc:q_HOSTBOOKVALUE><sdc:value>0.00000</sdc:value></sdc:q_HOSTBOOKVALUE><sdc:q_HOSTCASHFLOW><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW><sdc:q_HOSTCASHFLOW1><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW1><sdc:q_HOSTCASHFLOW2><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW2><sdc:q_HOSTCASHFLOW3><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW3><sdc:q_HOSTCASHFLOW4><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW4><sdc:q_HOSTCASHFLOW5><sdc:value>0.00000</sdc:value></sdc:q_HOSTCASHFLOW5><sdc:q_HOSTCOMMONEQUITY><sdc:value>0.00000</sdc:value></sdc:q_HOSTCOMMONEQUITY><sdc:q_HOSTEBITLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEBITLTM><sdc:q_HOSTEPS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS1><sdc:q_HOSTEPS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS2><sdc:q_HOSTEPS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS3><sdc:q_HOSTEPS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS4><sdc:q_HOSTEPS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPS5><sdc:q_HOSTEPSLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTEPSLTM><sdc:q_HOSTNETASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS><sdc:q_HOSTNETASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS1><sdc:q_HOSTNETASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS2><sdc:q_HOSTNETASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS3><sdc:q_HOSTNETASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS4><sdc:q_HOSTNETASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNETASS5><sdc:q_HOSTNI1><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI1><sdc:q_HOSTNI2><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI2><sdc:q_HOSTNI3><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI3><sdc:q_HOSTNI4><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI4><sdc:q_HOSTNI5><sdc:value>0.00000</sdc:value></sdc:q_HOSTNI5><sdc:q_HOSTNILTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTNILTM><sdc:q_HOSTPTINC1><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC1><sdc:q_HOSTPTINC2><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC2><sdc:q_HOSTPTINC3><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC3><sdc:q_HOSTPTINC4><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC4><sdc:q_HOSTPTINC5><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINC5><sdc:q_HOSTPTINCLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTPTINCLTM><sdc:q_HOSTSALES1><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES1><sdc:q_HOSTSALES2><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES2><sdc:q_HOSTSALES3><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES3><sdc:q_HOSTSALES4><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES4><sdc:q_HOSTSALES5><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALES5><sdc:q_HOSTSALESLTM><sdc:value>0.00000</sdc:value></sdc:q_HOSTSALESLTM><sdc:q_HOSTTASS><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS><sdc:q_HOSTTASS1><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS1><sdc:q_HOSTTASS2><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS2><sdc:q_HOSTTASS3><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS3><sdc:q_HOSTTASS4><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS4><sdc:q_HOSTTASS5><sdc:value>0.00000</sdc:value></sdc:q_HOSTTASS5><sdc:q_STATUS><sdc:value>Status:Pending</sdc:value></sdc:q_STATUS><sdc:r_PE><sdc:value>-999.00000</sdc:value></sdc:r_PE><sdc:r_PE_PRINT><sdc:value>np</sdc:value></sdc:r_PE_PRINT><sdc:r_PFTMARG><sdc:value>0.00000</sdc:value></sdc:r_PFTMARG><sdc:r_PRICEBOOK><sdc:value>-999.00000</sdc:value></sdc:r_PRICEBOOK><sdc:r_PRICEBOOK_PRINT><sdc:value>np</sdc:value></sdc:r_PRICEBOOK_PRINT><sdc:r_PTINC3YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC3YGR><sdc:r_PTINC5YGR><sdc:value>0.00000</sdc:value></sdc:r_PTINC5YGR><sdc:r_ROE><sdc:value>0.00000</sdc:value></sdc:r_ROE><sdc:r_SALES3YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES3YGR><sdc:r_SALES5YGR><sdc:value>0.00000</sdc:value></sdc:r_SALES5YGR><sdc:r_SE><sdc:value>0.00000</sdc:value></sdc:r_SE><sdc:r_TASS3YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS3YGR><sdc:r_TASS5YGR><sdc:value>0.00000</sdc:value></sdc:r_TASS5YGR><sdc:r_TTCFMULT><sdc:value>0.00000</sdc:value></sdc:r_TTCFMULT><sdc:r_TTEBITMULT><sdc:value>0.00000</sdc:value></sdc:r_TTEBITMULT><sdc:r_VALNA><sdc:value>0.00000</sdc:value></sdc:r_VALNA><sdc:sic_SIC><sdc:value>6799:Investors, 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Ltd.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">361913</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2882@TT</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">NEWS</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_seccountry><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40101015 401010 4010 40</spcred:index_entry_secgics><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Cathay Century Insurance Co. 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Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/COP_600066579</link><guid isPermaLink="false">moodys/COP_600066579</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">html</moodys:index_mode><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">COP_600066579</moodys:docid><description>Global Credit Research Credit Opinion ## MAR ####   Credit Opinion: Cathay Financial Holding Co., Ltd Cathay Financial Holding Co., Ltd Taiwan Ratings Category Moody's Rating Rating Outlook NEG LT Issuer Rating Baa# Contacts Analyst...</description><pubDate>31 Mar 2009 04:35:52 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">html</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Cathay Financial Holding Co., Ltd</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Cathay Financial Holding Co., Ltd</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600066579</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">150.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">News</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Credit Opinion</moodys:report_type><title>Cathay Financial Holding Co., Ltd</title><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/697230</link><guid isPermaLink="false">spcred/697230</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest News from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><pubDate>21 Jan 2009 04:58:00 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">100</spcred:price><title>Cathay Group Ratings Placed On CreditWatch Negative As Global Market Turmoil Is Likely To Weaken Capital And Profit</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">News</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">697230</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Taiwan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Life &amp; Health Insurance</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Financial Institutions</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Insurance</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">News</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">TAIPEI (Standard&amp;Poor's) Jan. 21, 2009--Standard&amp;Poor's Ratings Services said today that it had placed its 'A-' long-term counterparty credit rating on Cathay Financial Holding Co. Ltd. (Cathay FHC) on CreditWatch with negative implications and affirmed the 'A-2' short-term rating. At the same time, Standard&amp;Poor's also placed the ratings on Cathay FHC's three core subsidiaries on CreditWatch with negative implications: The 'A' insurer financial strength and long-term counterparty credit ratings on Cathay Life Insurance Co. Ltd.; the 'A' insurer financial strength and long-term counterparty credit ratings on Cathay Century Insurance Co. Ltd.; and the 'A' long-term and 'A-1' short-term counterparty credit rating on Cathay United Bank Co. Ltd. The 'C+' bank financial strength rating on the</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">14915V</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40301020 403010 4030 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Cathay Financial Holding Co. Ltd.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">361913</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2882@TT</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">NEWS</spcred:index_entry_reporttype><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">FI</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">INS</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/spcred/697231</link><guid isPermaLink="false">spcred/697231</guid><spcred:index_mode xmlns:spcred="http://www.alacra.com/spcred">norm</spcred:index_mode><description>The latest Research Update from S&amp;P</description><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">global</spcred:dataset><spcred:dataset xmlns:spcred="http://www.alacra.com/spcred">structured</spcred:dataset><pubDate>21 Jan 2009 04:58:00 EST</pubDate><spcred:price xmlns:spcred="http://www.alacra.com/spcred">175</spcred:price><title>Research Update: Cathay Group Ratings Placed On CreditWatch Negative As Global Market Turmoil Is Likely To Weaken Capital And Profit</title><spcred:type xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:type><spcred:docid xmlns:spcred="http://www.alacra.com/spcred">697231</spcred:docid><spcred:index_entry_dispcountry xmlns:spcred="http://www.alacra.com/spcred">Taiwan</spcred:index_entry_dispcountry><spcred:index_entry_dispgics xmlns:spcred="http://www.alacra.com/spcred">Life &amp; Health Insurance</spcred:index_entry_dispgics><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Asia</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Emerging Markets</spcred:index_entry_dispregion><spcred:index_entry_dispregion xmlns:spcred="http://www.alacra.com/spcred">Europe, Middle East, Africa</spcred:index_entry_dispregion><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Global Issuers</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Structured Finance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Financial Institutions</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Insurance</spcred:index_entry_dispsector><spcred:index_entry_dispsector xmlns:spcred="http://www.alacra.com/spcred">Collateralized Debt Obligations</spcred:index_entry_dispsector><spcred:index_entry_disptype xmlns:spcred="http://www.alacra.com/spcred">Research Update</spcred:index_entry_disptype><spcred:index_entry_excerpt xmlns:spcred="http://www.alacra.com/spcred">On Jan. 21, 2008, Standard&amp;Poor's Ratings Services placed its 'A-' long-term counterparty credit rating on Cathay Financial Holding Co. Ltd. (Cathay FHC) on CreditWatch with negative implications and affirmed the 'A-2' short-term rating. At the same time, Standard&amp;Poor's also placed the ratings on Cathay FHC's three core subsidiaries on CreditWatch with negative implications: The 'A' insurer financial strength and long-term counterparty credit ratings on Cathay Life Insurance Co. Ltd.; the 'A' insurer financial strength and long-term counterparty credit ratings on Cathay Century Insurance Co. Ltd.; and the 'A' long-term and 'A-1' short-term counterparty credit rating on Cathay United Bank Co. Ltd. The 'C+' bank financial strength rating on the bank was affirmed. The CreditWatch action reflects</spcred:index_entry_excerpt><spcred:index_entry_primcountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_primcountry><spcred:index_entry_primcusip xmlns:spcred="http://www.alacra.com/spcred">14915V</spcred:index_entry_primcusip><spcred:index_entry_primgics xmlns:spcred="http://www.alacra.com/spcred">40301020 403010 4030 40</spcred:index_entry_primgics><spcred:index_entry_primissuer xmlns:spcred="http://www.alacra.com/spcred">Cathay Financial Holding Co. Ltd.</spcred:index_entry_primissuer><spcred:index_entry_primissuerid xmlns:spcred="http://www.alacra.com/spcred">361913</spcred:index_entry_primissuerid><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_primreg><spcred:index_entry_primreg xmlns:spcred="http://www.alacra.com/spcred">EUROMIDAFR</spcred:index_entry_primreg><spcred:index_entry_primticker xmlns:spcred="http://www.alacra.com/spcred">2882@TT</spcred:index_entry_primticker><spcred:index_entry_reporttype xmlns:spcred="http://www.alacra.com/spcred">RESUPD</spcred:index_entry_reporttype><spcred:index_entry_seccountry xmlns:spcred="http://www.alacra.com/spcred">TWN</spcred:index_entry_seccountry><spcred:index_entry_seccusip xmlns:spcred="http://www.alacra.com/spcred">14916D</spcred:index_entry_seccusip><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40101015 401010 4010 40</spcred:index_entry_secgics><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40301020 403010 4030 40</spcred:index_entry_secgics><spcred:index_entry_secgics xmlns:spcred="http://www.alacra.com/spcred">40301040 403010 4030 40</spcred:index_entry_secgics><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Cathay Century Insurance Co. Ltd.</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Cathay Life Insurance Co. Ltd.</spcred:index_entry_secissuer><spcred:index_entry_secissuer xmlns:spcred="http://www.alacra.com/spcred">Cathay United Bank Co. Ltd.</spcred:index_entry_secissuer><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">344503</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">358192</spcred:index_entry_secissuerid><spcred:index_entry_secissuerid xmlns:spcred="http://www.alacra.com/spcred">308996</spcred:index_entry_secissuerid><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">ASIA</spcred:index_entry_secreg><spcred:index_entry_secreg xmlns:spcred="http://www.alacra.com/spcred">EMERGING</spcred:index_entry_secreg><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">2805@TT</spcred:index_entry_secticker><spcred:index_entry_secticker xmlns:spcred="http://www.alacra.com/spcred">2826@TT</spcred:index_entry_secticker><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">GLOBISS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">STRUC</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">FI</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">INS</spcred:index_entry_sector><spcred:index_entry_sector xmlns:spcred="http://www.alacra.com/spcred">CDO</spcred:index_entry_sector><category>Credit &amp; Investment Research</category><alacra:ip>S&amp;P Credit Research</alacra:ip></item><item><link>http://www.alacrastore.com/storecontent/moodys/PBC_113061</link><guid isPermaLink="false">moodys/PBC_113061</guid><moodys:index_mode xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:index_mode><description>...Cathay Financial Holding Co Ltd (CFHC, issuer rating of A#. review down), is the  largest financial holding company in Taiwan. CFHC has a well-established  franchise offering life and property &amp; casualty (P&amp;C) insurance through its  operating subsidiaries, Cathay Life Insurance (insurance financial strength (IFS)  rating of A#, review down) and Cathay Century Insurance (IFS rating of A#,  stable), respectively.  Cathay Life is the largest life insurance company in Taiwan while Cathay Century  is among the top # P&amp;C insurers. CFHC also operates Cathay United Bank (CUB),  which has a particularly strong franchise in consumer banking business.  CFHC's rating reflects the structural subordination of holding companies to their  operating subsidiaries. It also reflects the aggregate financial strength of Cathay  Life, CUB and Cathay Century. Its primarily driver, however, is the financial  strength of the life insurance business given its large contribution to CFHC's  overall income, asset base...

</description><pubDate>22 Dec 2008 08:17:01 EST</pubDate><moodys:format xmlns:moodys="http://www.alacra.com/moodys">pdf</moodys:format><moodys:issuer xmlns:moodys="http://www.alacra.com/moodys">Cathay Financial Holding Co., Ltd</moodys:issuer><moodys:issuer_list xmlns:moodys="http://www.alacra.com/moodys">Cathay Financial Holding Co., Ltd</moodys:issuer_list><moodys:org_id xmlns:moodys="http://www.alacra.com/moodys">600066579</moodys:org_id><moodys:price xmlns:moodys="http://www.alacra.com/moodys">300.0000</moodys:price><moodys:report_class xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_class><moodys:report_type xmlns:moodys="http://www.alacra.com/moodys">Analysis</moodys:report_type><title>Cathay Financial Holding Co., Ltd</title><moodys:docid xmlns:moodys="http://www.alacra.com/moodys">PBC_113061</moodys:docid><category>Credit &amp; Investment Research</category><alacra:ip>Moody's Global Credit Research</alacra:ip></item></channel></rss>