Strong capitalization relative to its risk profile. Adequate credit risk control mechanism. Implicit support from the parent Fubon FHC group. Moderate profitability by international standards. Less diversified business stream than its international peers'. The stable outlook reflects our expectation that Taipei Fubon Commercial Bank Co. Ltd. (Taipei Fubon Bank) will maintain its business and financial profiles at a level commensurate with the current ratings under the Fubon Financial Holding Co. Ltd. (Fubon FHC) group's prudent financial management and the bank's adequate risk management. As a core member of the Fubon FHC group, the ratings on TFB will move in tandem with the overall group credit profile in most circumstances. If the group's credit profile only deteriorated by one notch, we
