Taiwan Credit Rating

Current Taiwan credit ratings, according to main rating agencies.

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Rating Agency	Rating	Outlook	Last Update	Action
Standard & Poor's	AA+	-	30 Apr 2022	rating upgrade
Moody's Investors Service	Aa3	-	22 Sep 2022	outlook downgrade
Fitch Ratings	AA	-	10 Sep 2021	rating upgrade
DBRS	-	-

Taiwan: Long-term Rating Scales Comparison

Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Grade	Description	S&P	Moody's	Fitch	DBRS

Investment Grade	Prime	AAA	Aaa	AAA	AAA


	High Medium Grade	AA+	Aa1	AA+	AA(high)
		AA	Aa2	AA	AA
		AA-	Aa3	AA-	AA(low)


	Upper Medium Grade	A+	A1	A+	A(high)
		A	A2	A	A
		A-	A3	A-	A(low)


	Lower Medium Grade	BBB+	Baa1	BBB+	BBB(high)
		BBB	Baa2	BBB	BBB
		BBB-	Baa3	BBB-	BBB(low)

Speculative Grade	Speculative	BB+	Ba1	BB+	BB(high)
		BB	Ba2	BB	BB
		BB-	Ba3	BB-	BB(low)


	Highly Speculative	B+	B1	B+	B(high)
		B	B2	B	B
		B-	B3	B-	B(low)


	Substantial Risk	CCC+	Caa1	CCC+	CCC(high)
		CCC	Caa2	CCC	CCC
		CCC-	Caa3	CCC-	CCC(low)


	Extremely Speculative	CC	Ca	CC	CC
	Extremely Speculative	C	C	C	C


	In Default	RD	/	RD	RD
		SD	/	SD	SD
		D•NR	D•NR	D•NR	D•NR

Taiwan Credit Ratings historical data

Not enough data.

Timetable of Taiwan credit ratings by S&P, Moody's, Fitch and DBRS agencies.
Symbol means a positive outlook assigned by the rating agency.
Symbol means a negative outlook.

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Date	S&P	Moody's	Fitch
22 Sep 2022		Aa3
30 Apr 2022	AA+
10 Sep 2021			AA
22 Apr 2021	AA
25 Feb 2021		Aa3
12 Oct 2016			AA-
12 Oct 2015			A+
10 Jun 2010	AA-
14 Apr 2009	AA-
11 Apr 2008	AA-
30 Nov 2004	AA-
18 Dec 2002	AA-
19 Nov 2001			A+
26 Jul 2001	AA
6 Dec 2000	AA+
24 Mar 1994		Aa3
2 Aug 1991	AA+
26 Jun 1989	AA
20 Apr 1989	AA

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