S&P: Chinatrust view up to positive

Standard & Poor's said it revised the outlook on its BBB+ long-term counterparty credit rating on Chinatrust Commercial Bank (CTCB) to positive from stable.

S&P said the long-term rating and the A-2 short-term counterparty credit rating were affirmed.

The agency also said it assigned its C+ bank fundamental strength rating to CTCB.

At the same time, S&P said the outlook on the BBB long-term counterparty credit rating on Chinatrust Financial Holding Co., CTCB's holding company, was revised to positive from stable.

The long-term rating and the A-3 short-term counterparty credit rating on the holding company were affirmed, the agency said.

The revision of the outlook on CTCB reflects the likelihood that the bank's creditworthiness will improve as a result of its strengthening franchise and improving business profile, S&P noted.

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