...Steady Intrinsic Credit Profile: Taichung Commercial Bank Company Limited's (TCB) Long-Term Issuer Default Rating (IDR) is driven by its Viability Rating (VR), which in turn reflects its moderate business profile and Fitch Ratings' expectation that the bank will maintain asset quality and capitalisation at a level commensurate with the risk profile. TCB's Short-Term IDR of 'F3' is at the baseline option that maps to its Long-Term IDR, as its funding and liquidity score of 'bbb' is below the minimum 'bbb+' score specified in Fitch's Bank Rating Criteria for a higher Short-Term IDR. Stable Operating Environment: Fitch expects Taiwan's economy to remain resilient and forecasts GDP growth of 10.5% in 2026 and 4.9% in 2027, compared with 8.8% in 2025. Exports of AI-related products and investments should support the economy, underpinning the operating environment (OE) for Taiwan banks. The OE score of 'a' is below the implied category score of 'aa', reflecting the sector's high fragmentation,...
