Mr. Shih, Jiing-Fuh, President of LH Financial Group Public Company Limited, revealed that the credit ratings of Land and Houses Financial Business Group, consisting of LH Financial Group Public Company Limited (LHFG) and Land and Houses Bank (LH Bank), have been upgraded by TRIS Rating.
TRIS Rating has upgraded the company rating on LH Financial Group PLC (LHFG) to “A-” from “BBB+” and revised the rating outlook to “stable” from “negative”. TRIS Rating views that this adjustment is the assessment result of the position of LHFG, a strategically important subsidiary of CTBC Bank, Taiwan’s No.1 private financial institution and parent company of Land and Houses Financial Business Group which is rated at “A” stable by S&P Global Ratings. LHFG plays an important…
