HONG KONG (Standard&Poor's) Jan. 3, 2005--Standard&Poor's Ratings Services said today that it had affirmed its 'BBB+' long-term and 'A-2' short-term counterparty ratings on Taipei Fubon Bank, formerly known as Taipeibank, following a merger on Jan. 1, 2005 in which Fubon Commercial Bank was absorbed into Taipeibank. At the same time, Standard&Poor's withdrew its 'BBB' long-term counterparty credit rating and 'A-2' short term counterparty credit rating on Fubon Commercial Bank. The merger was carried out through a share swap at a ratio of one Fubon Commercial Bank share for 0.675 of a Taipeibank share.
