Bulletin: Ratings On Fubon FHC Group Units Unaffected By Fubon Life's Planned Investment In Hyundai Life

TAIPEI (Standard&Poor's) June 23, 2015--Standard&Poor's Ratings Services said today that its ratings and outlook on Fubon Life Insurance Co. Ltd. (A-/Stable/--; cnAA/--) are not affected by the insurer's plan to acquire 48% stake in Korea-based Hyundai Life Insurance Co. Ltd. We also believe the investment plan has no effect on our ratings and outlook on Fubon Life's parent, Fubon Financial Holding Co. Ltd. (BBB+/Stable/A-2; cnA+/--/cnA-1) and other group entities. The total consideration of the transaction is about New Taiwan dollar (NT$) 6.1 billion. In our view, the investment will have a minimal impact on Fubon Life's business profile and capitalization given that the transaction accounts for just 2.5% of Fubon Life's shareholders' equities as of the

...TAIPEI (Standard & Poor's) June 23, 2015--Standard & Poor's Ratings Services said today that its ratings and outlook on Fubon Life Insurance Co. Ltd. (A-/Stable/--; cnAA/--) are not affected by the insurer's plan to acquire 48% stake in Korea-based Hyundai Life Insurance Co. Ltd. We also believe the investment plan has no effect on our ratings and outlook on Fubon Life's parent, Fubon Financial Holding Co. Ltd. (###+/Stable/A-2; cnA+/--/cnA-1) and other group entities. The total consideration of the transaction is about New Taiwan dollar (NT$) 6.1 billion. In our view, the investment will have a minimal impact on Fubon Life's business profile and capitalization given that the transaction accounts for just 2.5% of Fubon Life's shareholders' equities as of the end of March 2015. We expect Fubon Life's risk-adjusted capital adequacy to have sufficient buffer to absorb the additional capital risks following the investment. The closing of the transaction is subject to regulatory approval. Under...

Bulletin