OREANDA-NEWS. Fitch Ratings has today affirmed the Issuer Default Ratings (IDRs) on six Taiwanese bills finance companies (BFCs): International Bills Finance Corporation (IBF), China Bills Finance Corporation (CBF), Grand Bills Finance Corporation (Grand), Taching Bills Finance Corporation (Taching), Dah Chung Bills Finance Corporation (Dah Chung), and Taiwan Finance Corporation (TFC). Simultaneously, the agency has upgraded TFC's Viability Rating (VR) to 'bb+' from 'bb'.

At the same time, Fitch has affirmed the ratings of Waterland Financial Holdings (Waterland Financial) and Waterland Securities Corporation (Waterland Securities), which are derived and equalised with the ratings of IBF, the principal operating subsidiary of the group. The Outlooks are all Stable. A full list of rating actions is provided at the end of this commentary.