Fitch revises Jih Sun view to negative

Fitch Ratings said it revised the outlooks Jih Sun Financial Holding Co., Ltd. (JSH) and its subsidiaries, Jih Sun Securities Corp., Ltd. and Jih Sun International Bank, Ltd. to negative from stable. Fitch affirmed the long-term issuer default ratings at BBB-.

“The negative outlook reflects coronavirus-related risks to the Taiwanese economy and the pressure this will place on the group's asset quality and profitability. The rating affirmations reflect Fitch's assessment that the group has an adequate capital buffer to withstand the immediate impact of the shock brought about by the coronavirus pandemic,” Fitch said in a press release.

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