Fubon Life's credit profile remains solid supported by its stable market position, strong profits, sustainable capitalization, and controlled risk exposures. We now assess the insurer's liquidity as exceptional given its increase in liquid assets and slower growth of insurance liabilities. The ratings on Fubon Life continue to drive the Fubon FHC group credit profile. We are affirming our ratings on Fubon FHC and its subsidiary Fubon Life. The outlook on the ratings is stable. On Oct. 25, 2021, S&P Global Ratings affirmed its 'BBB+' long-term and 'A-2' short-term issuer credit ratings on Taiwan-based Fubon Financial Holding Co. Ltd. (Fubon FHC). At the same time, we affirmed the 'A-' long term issuer credit rating and financial strength rating on Fubon Life
