Standard&Poor's bases its ratings on Taipei Fubon Commercial Bank Co. Ltd. (Taipei Fubon Bank) on the bank's 'bbb' anchor, "adequate" business position, "strong" capital and earnings, "adequate" risk position, "average" funding, and "adequate" liquidity, as our criteria define those terms. The ratings also reflect the implicit support from the Fubon Financial Holding Co. Ltd. (Fubon FHC; BBB+/Stable/A-2; cnA+/cnA-1) group due to the bank's "core" status. The stand-alone credit profile (SACP) of Taipei Fubon Bank is 'bbb+'. Our bank criteria use our Banking Industry Country Risk Assessment (BICRA) economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating (ICR). The anchor for a bank operating in Taiwan is 'bbb'.
