Hong Kong, October 19, 2015 -- Moody's Investors Service has downgraded CTBC Financial Holding Co., Ltd.'s (CTBC Financial) foreign currency issuer rating to Baa1 from A3. The rating action concludes the review for downgrade initiated on May 14, 2015, and follows the company's completion of its acquisition of 100% of Taiwan Life Insurance Co Ltd (unrated).

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