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Fitch: Chailease Finance BBB-
Fitch Ratings said it assigned a long-term foreign-currency issuer default rating of BBB- to Chailease Finance Co. Ltd., along with a short-term foreign-currency issuer default rating of F3, national long-term rating of A(twn) and national short-term rating of F1(twn).
The outlook is stable.
The ratings reflect its dominant franchise in leasing/installment finance in Taiwan, resilient business model with a long operating history and reasonable balance sheet strength, Fitch said.
Despite its small asset size, its balance sheet strength and earnings performance are generally comparable to global peers, the agency said.
The ratings are constrained by potential risks to growth in China and its reliance on wholesale funding, which is sensitive to investor sentiment, Fitch added.
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