...Outlook: Stable The stable outlook reflects our expectation that Taipei Fubon Commercial Bank Co. Ltd. (Taipei Fubon Bank) will remain an integral part and a core member of the wider Fubon Financial Holding Co. Ltd. (Fubon FHC) group. The ratings on Taipei Fubon Bank will move in tandem with the overall group credit profile in most circumstances. However, if the group credit profile only deteriorates by one notch, we would expect the credit rating on Taipei Fubon Bank to remain unchanged, because the rating benefits from a degree of implicit government support given the bank's moderate systemic importance. At the group level, we expect the Fubon FHC group to remain unchanged over the next two years with good market position in major operating sectors such as life and non-life insurance, bank, and securities, above-average operating performance, prudent risk management, and at least lower adequate capital and earnings relative to its risk profile. On a stand-alone basis, we expect Taipei...
