Taiwan Cooperative Bank – BSR Lowered; LT FCR Affirmed with a Stable Outlook

Overview

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) of Taiwan Cooperative Bank (TCB) at 'A-' and 'A2', respectively. At the same time, CI Ratings has downgraded TCB's Bank Standalone Rating (BSR) to 'bbb' from 'bbb+' following a downward adjustment in its Core Financial Strength (CFS) rating to 'bbb-' from 'bbb'. The Outlook for the LT FCR and BSR is Stable.

Attachments

• Rating Announcement (CRA)
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• Bank Rating Report (Taiwan, Taiwan Cooperative Bank)
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