...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 to keep our credit rating on Taipei Fubon Bank unchanged, because the bank's rating may also benefit from a degree of implicit government support, given the bank's moderate systemic importance. At the group level, we expect the consolidated Fubon FHC group credit profile to remain unchanged over the next two years, given our assessment of the group's very strong competitive position and lower adequate capital and earnings relative to its risk profile. On a stand-alone basis, we forecast Taipei Fubon Bank will maintain its strong capitalization and asset quality over...
