Taiwan Credit Rating

Current Taiwan credit ratings, according to the main rating agencies, provide a snapshot of the country’s creditworthiness and financial stability. These ratings are critical for understanding how international and domestic investors perceive Taiwan ability to honor its financial commitments.

The ratings are determined by comprehensive evaluations conducted by major credit rating agencies such as Standard & Poor's (S&P), Moody's, and Fitch Ratings. Each of these agencies uses a distinct rating scale and methodology to assess the economic and financial health of Taiwan, taking into account various factors such as economic performance, fiscal policies, political stability, and debt levels.

The table below shows the current Taiwan credit ratings, according to the 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

Taiwan long-term credit ratings, as assigned by major rating agencies, offer a comparative insight into the country's creditworthiness over an extended period. Each rating agency uses its own scale to evaluate the credit risk associated with Taiwan sovereign debt. These scales help investors understand the likelihood that Taiwan will meet its financial obligations.

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