The "Positive Outlook" reflects the Company's intended performance and initiatives to expand its asset base, while maintaining a prudent risk approach.
The rating is contingent upon the Company's ability to sustain and strengthen its market position as a non-bank PD by maintaining stable performance and a strong capital buffer. It is essential for WTSL to proactively recalibrate its asset portfolio in response to evolving market conditions and to further enhance its governance frameworks. Any material adverse developments, particularly large-scale losses stemming from unexpected interest rate movements or other market shocks, could impair its risk absorption capacity and will negatively impact the rating.