...Outlook: Stable The stable outlook reflects our expectation that Taipei Fubon Commercial Bank Co. Ltd. (Taipei Fubon Bank) will remain a core unit and integral part 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 consolidated group credit profile of the Fubon FHC group to remain unchanged over the next two years with a very strong competitive position and lower adequate capital and earnings relative to its risk profile. On a stand-alone basis, we expect Taipei Fubon Bank to maintain its strong capitalization and asset quality over the next one to two years....
