TSFC Securities gets BBB- rating
TRIS Rating has affirmed the company rating on TSFC Securities (TSFC) at “BBB-” with “stable” outlook.
The rating reflects TSFC’s improving market share and its efforts to expand to more diverse business lines. The rating also takes into account the company’s improving profitability, adequate asset quality, and its low leverage and adequate liquidity.
The rating is, however, constrained by its exposure to market volatility and limited profitability due to an increasing trend of interest rates and intense competition.
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