We view Fubon Bank China as a "highly strategically important" subsidiary of the Taiwan-based Fubon FHC group. Fubon Bank China's SACP is constrained by the bank's "moderate" business position and "below-average" funding profile. We are assigning our 'BBB+' long-term and 'A-2' short-term issuer credit ratings to Fubon Bank China. We are also assigning our 'cnA+' long-term and 'cnA-1' short-term Greater China regional scale ratings to the bank. The stable outlook on Fubon Bank China reflects the outlook on Fubon FHC group and our expectation that the bank will maintain its group status over the next 24 months. On June 4, 2015, Standard&Poor's Ratings Services assigned its 'BBB+' long-term and 'A-2' short-term issuer credit ratings to Fubon Bank (China)
