Int'l credit rating firm to host conference in Taipei
By Ted Chen ,The China PostTAIPEI, Taiwan -- Financial services provider Fitch Ratings is set to the host the 2013 Asian Sovereign and Banking Conference (2013亞洲國家主權暨金榮研討會) in Taipei on Sept. 4.
August 27, 2013, 12:04 am TWN
The conference will discuss topics ranging from challenges and prospects faced by financial institutions in major Asian economies, and global sovereign credit trends, in addition to addressing concerns on China's use of leverage and shadow banking systems. Other issues set to be discussed include challenges relating to the adoption of Basel banking supervision accords for Taiwanese banks and non-banking financial institutions.
In July Fitch issued an A+ sovereign rating for Taiwan, remarking that the country's prospects are stable. In addition, citing Taiwan's sound fiscal condition and foreign reserves of US$426 billion, the company stated that it retains a favorable rating on Taiwan as it is able to sustain itself for a full 16 months in the event of extraordinary international volatility and developments.
For the New Taiwan dollar the company issued an AA- rating, while issuing an F1 rating on the country's short-term credit assessment, indicating a strong capacity of obligators in meeting its financial commitments.
The company is widely know as the smallest of the “big three” nationally recognized statistical rating organization, trailing Standard & Poors and Moody's.
The company stated that the attendance to the conference will be available to the public free of charge.