Business Services Industry
TAIWAN: MOODY'S UPGRADES ESB AND ESFHC'S RATINGS.
IPR Strategic Business Information Database, November, 2007
Moody's Investors Service has upgraded E. Sun Commercial Bank Ltd's ("ESB") global local currency deposit and foreign currency deposit ratings to Baa1/Prime-2 from Baa2/Prime-3. Moody's has additionally raised its national scale rating ("NSR") to Aa3.tw/TW-1 from A1.tw/TW-1. Its bank financial strength rating was unaffected by this action and is affirmed at D .
At the same time, Moody's has upgraded the global issuer rating for its parent, E. Sun Financial Holding Company ("ESFHC") to Baa2/Prime-2 from Baa3/Prime-3. Moody's additionally raised the NSRs on its senior unsecured debt to A1.tw/TW-1 and for its existing subordinated debt to A2.tw. The outlook for all ratings for ESB and ESFHC is stable. The ratings action reflects ESB's growing market share and the...
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