Fitch assigns A+ to Nan Shan notes

Fitch Ratings said it assigned an A+(twn) rating to Nan Shan Life Insurance Co. Ltd.’s planned Taiwan dollar-denominated subordinated bonds.

The agency simultaneously assigned a BBB+ issuer default rating and AA-(twn) national long-term rating.

Nan Shan will use the proceeds to strengthen its working capital and risk-based capital ratio.

The outlook is stable.

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