Outlook On Fubon FHC And Subsidiaries Revised To Stable From Negative On Enhanced Capital Buffer; Ratings Affirmed - S&P Global Ratings’ Credit Research

Outlook On Fubon FHC And Subsidiaries Revised To Stable From Negative On Enhanced Capital Buffer; Ratings Affirmed

Outlook On Fubon FHC And Subsidiaries Revised To Stable From Negative On Enhanced Capital Buffer; Ratings Affirmed - S&P Global Ratings’ Credit Research
Outlook On Fubon FHC And Subsidiaries Revised To Stable From Negative On Enhanced Capital Buffer; Ratings Affirmed
Published Mar 24, 2021
6 pages (2939 words) — Published Mar 24, 2021
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Fubon Life's credit profile remains solid supported by a better capital buffer and well-managed risk control despite a disruptive year in 2020. The ratings on Fubon Life drive the Fubon FHC group credit profile. We believe the insurance units will help the group combat ongoing uncertainty over the speed of economic recovery after COVID-19 and maintain its credit profile. We are revising the outlook on our long-term ratings on Fubon FHC and its core and highly strategic subsidiaries to stable from negative. At the same time, we are affirming the issuer credit ratings on the entities. We are also affirming the issuer credit ratings on Taipei Fubon Commercial Bank with a stable outlook, given our view of the bank's core

  
Brief Excerpt:

...March 24, 2021 - Fubon Life's credit profile remains solid supported by a better capital buffer and well-managed risk control despite a disruptive year in 2020. - The ratings on Fubon Life drive the Fubon FHC group credit profile. We believe the insurance units will help the group combat ongoing uncertainty over the speed of economic recovery after COVID-19 and maintain its credit profile. - We are revising the outlook on our long-term ratings on Fubon FHC and its core and highly strategic subsidiaries to stable from negative. At the same time, we are affirming the issuer credit ratings on the entities. - We are also affirming the issuer credit ratings on Taipei Fubon Commercial Bank with a stable outlook, given our view of the bank's core status to the group. - In addition, we are affirming our issuer credit ratings on Fubon Bank (Hong Kong) with a stable outlook, given our view that the bank's stand-alone credit profile underpin the ratings without the need for group support. TAIPEI (S&P...

  
Report Type:

Ratings Action

Ticker
FULZ@TT
Issuer
Fubon Life Insurance Co. Ltd.
GICS
Life & Health Insurance (40301020)
Sector
Global Issuers
Country
Taiwan
Region
Emerging Markets
Format:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Outlook On Fubon FHC And Subsidiaries Revised To Stable From Negative On Enhanced Capital Buffer; Ratings Affirmed" Mar 24, 2021. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Fubon-FHC-And-Subsidiaries-Revised-To-Stable-From-Negative-On-Enhanced-Capital-Buffer-Ratings-Affirmed-2616305>
  
APA:
S&P Global Ratings’ Credit Research. (). Outlook On Fubon FHC And Subsidiaries Revised To Stable From Negative On Enhanced Capital Buffer; Ratings Affirmed Mar 24, 2021. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Outlook-On-Fubon-FHC-And-Subsidiaries-Revised-To-Stable-From-Negative-On-Enhanced-Capital-Buffer-Ratings-Affirmed-2616305>
  
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