Fitch shifts Jih Sun view to stable

Fitch Ratings said it revised the outlook of Jih Sun Financial Holding Co., Ltd. and its subsidiaries, Jih Sun Securities and Jih Sun International Bank, Ltd. to stable from negative. The agency affirmed the IDRs at BBB-.

“The outlook revision on JSH, JSS and JSIB reflects Fitch's expectation the group will maintain its credit profile in 2020 and 2021 as it has managed the negative impact of the coronavirus pandemic to date and will be able to benefit from the post-pandemic stabilization of Taiwan's macroeconomic environment,” Fitch said in a press release.

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