By Crystal Hsu / Staff reporterTaiwan Ratings Corp (中華信評) yesterday said that the performance of its rating pool last year remained largely resilient to external challenges, albeit with a mild increase in negative bias in the second half. Taiwan Ratings did not offer any upgrades for the corporate sector last year, but made three downgrades and six downward outlook revisions. The financial services sector displayed a generally positive rating performance last year, leading Taiwan Ratings to upgrade six financial institutions, while downgrading two. Most structured financial transactions under its surveillance also showed a stable rating performance last year, supported by their conservative deal structure and steady counterparty support, despite asset performance volatility, Taiwan Ratings said. In all, Taiwan Ratings undertook six upward rating actions and five downward actions on rated entities in the nation’s financial and corporate sectors last year, it said.

Source: Taipei Times January 06, 2020 16:31 UTC