First Financial Holding Company, Ltd.: Update to credit analysis

First Financial Holding Company, Ltd.: Update following rating affirmation - Credit Opinion – 2024/03/28 – US$ 250.00 – ...[1] All figures and ratios are adjusted using Moody's standard adjustments. [2] May include rounding differences because of the scale of reported amounts. [3] Compound annual growth rate (%) based on the periods for the latest accounting regime. [4] Simple average of periods for the latest accounting regime. [5] Annualized figures. [6] Parent-only ratio. Sources: Moody's Ratings and company filings...

First Financial Holding Company, Ltd.: Update to credit analysis - Credit Opinion – 2023/03/29 – US$ 250.00 – ...[1] All figures and ratios are adjusted using our standard adjustments. [2] May include rounding differences because of the scale of reported amounts. [3] Compound annual growth rate (%) based on the periods for the latest accounting regime. [4] Simple average of periods for the latest accounting regime. [5] Annualized figures. [6] Parent-only ratio. Sources: Company and Moody's Investors Service...

First Financial Holding Company, Ltd.: Update following rating upgrade, outlook remains stable - Credit Opinion – 2022/03/04 – US$ 250.00 – ...[1] All figures and ratios are adjusted using Moody's standard adjustments. [2] May include rounding differences because of the scale of reported amounts. [3] Compound annual growth rate (%) based on the periods for the latest accounting regime. [4] Simple average of periods for the latest accounting regime. [5] Parent-only ratio. Sources: Moody's Investors Service and company filings...

First Financial Holding Company, Ltd.: Update following rating affirmation, outlook remains stable - Credit Opinion – 2021/12/07 – US$ 250.00 – ...[1] All figures and ratios are adjusted using Moody's standard adjustments. [2] May include rounding differences because of the scale of reported amounts. [3] Compound annual growth rate (%) based on the periods for the latest accounting regime. [4] Simple average of periods for the latest accounting regime. [5] Parent-only ratio. Source: Moody's Investors Service and company filings...

First Financial Holding Company, Ltd.: Update to credit analysis - Credit Opinion – 2020/09/17 – US$ 250.00 – ...[1] All figures and ratios are adjusted using Moody's standard adjustments. [2] Fiscal year ending 31 December; IFRS. [3] May include rounding differences because of the scale of reported amounts. [4] Compound annual growth rate (%) based on the periods for the latest accounting regime. [5] A simple average of periods for the latest accounting regime. [6] Parent-only ratio. [7] Annualized return. Sources: Moody's Investors Service and company filings...

First Financial Holding Company, Ltd.: Update to credit analysis - Credit Opinion – 2020/02/20 – US$ 250.00 – ...[1]All figures and ratios are adjusted using Moody's standard adjustments. [2]Fiscal year ending December 31; IFRS. [3]May include rounding differences due to scale of reported amounts. [4]Compound Annual Growth Rate (%) based on time period presented for the latest accounting regime. [5]Simple average of periods presented for the latest accounting regime [6]Parent- only ratio [7] Annualized return Source: Moody's Investors Service; Company Filings...

First Financial Holding Company, Ltd.: Update to credit analysis - Credit Opinion – 2019/08/15 – US$ 250.00 – ...[1] All figures and ratios are adjusted using Moody's standard adjustments. [2] Fiscal year ending December 31; IFRS. [3] May include rounding differences due to scale of reported amounts. [4] Compound Annual Growth Rate (%) based on time period presented for the latest accounting regime. [5] Simple average of periods presented for the latest accounting regime. [6] Parent-only ratio [7] Annualized return Sources: Moody's Investors Service, company filings...

First Financial Holding Company, Ltd.: Update following rating action - Credit Opinion – 2019/02/11 – US$ 250.00 – ...[1] All figures and ratios are adjusted using Moody's standard adjustments. [2] IFRS. [3] May include rounding differences due to scale of reported amounts. [4] Compound Annual Growth Rate (%) based on time period presented for the latest accounting regime. [5] Simple average of periods presented for the latest accounting regime. [6] Annualized return. [7] Parent only ratio. Source: Moody's Financial Metrics...

First Financial Holding Company, Ltd.: Update to credit analysis - Credit Opinion – 2018/07/26 – US$ 250.00 – ...First Financial Holding Company, Ltd.'s (First Financial) A3 issuer rating reflects (1) the company's status as one of Taiwan's largest financial groups; (2) its solid financials, with a low balance-sheet leverage; and (3) the sizable market share of its principal subsidiary, First Commercial Bank (A2 stable). The company's issuer rating is positioned one notch below First Commercial Bank's A2 deposit rating, which reflects our assessment that a holding company's obligations are structurally subordinated to claims on its operating subsidiaries. First Financial's issuer rating also incorporates our expectation of a very high level of support from the Government of Taiwan (Aa3 stable) for financial holding groups in Taiwan, particularly those principally engaged in banking services. We believe that First Commercial Bank is of systemic importance and is therefore likely to receive a very high level of government support if necessary. Our expectation is that this support would be channeled...