Monday, July 30, 2007

Taiwanese Banks With Weak Ratings May Face Higher Funding Costs, S&P Says

(Bloomberg) -- Taiwanese banks with weak credit
ratings will probably face rising funding costs because of
``rising risk awareness in the debenture market,'' said Taiwan
Ratings Corp., a subsidiary of Standard & Poor's.

Taiwan's banks, which have largely been absent from the debt
market since 2006, are expected to issue more debentures to boost
capital and lock in lower long-term funding costs anticipating
more interest-rate increases, Taiwan Ratings said in a statement
on its Web site. It is 51 percent owned by Standard & Poor's.


Read more at Bloomberg Bonds News

No comments: