Update: Fubon Bank (China) Co. Ltd.

This report does not constitute a rating action. Highly strategic subsidiary of Fubon Financial Holding Co. Ltd. (Fubon FHC). The stable rating outlook on Fubon Bank (China) Co. Ltd. reflects our expectation that the bank will remain a highly strategic subsidiary of Taiwan-based Fubon FHC. The outlook also reflects our view that the group will maintain a stable credit profile over the next one to two years. We may downgrade Fubon Bank (China) if the parent group's credit profile weakens. This would mainly be due to a deterioration in the credit profile of Fubon Life Insurance Co. Ltd. or Taipei Fubon Commercial Bank Co. Ltd. We may raise the ratings if we view Fubon Bank (China) as a core entity

...Ratings Detail (as of July 10, 2025)* Issuer Credit Rating ###+/Positive/A-2 Senior Unsecured ###+ Short-Term Debt A-2 Fubon Financial Holding Co. Ltd. Issuer Credit Rating ###+/Stable/A-2 Taiwan National Scale twAA/Stable/twA-1+ Fubon Insurance Co. Ltd. Financial Strength Rating Local Currency A-/Stable/-- Taiwan National Scale twAA+/Stable/-- Issuer Credit Rating Local Currency A-/Stable/-- Taiwan National Scale twAA+/Stable/-- Fubon Life Insurance Co. Ltd. Financial Strength Rating Local Currency A-/Stable/-- Taiwan National Scale twAA+/Stable/-- Issuer Credit Rating Local Currency A-/Stable/-- Taiwan National Scale twAA+/Stable/-- Subordinated Taiwan National Scale twAA Fubon Securities Co. Ltd. Issuer Credit Rating Taiwan National Scale twAA+/Stable/twA-1+ Taipei Fubon Commercial Bank Co. Ltd. Issuer Credit Rating A/Stable/A-1 Taiwan National Scale twAA+/Stable/twA-1+ Subordinated Taiwan National Scale twA Taiwan National Scale twAA- *Unless otherwise noted, all ratings in this report...

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