Current Rating
Rating FAQ
Long-term  :   twA+
Short-term  :   twA-1
Outlook  :  Stable
Issuer Rating History
Rating Date Long-term Rating outlook (credit watch) Short-term Rating
2024/04/29 twA+ Stable twA-1
2022/04/21 twA+ Negative twA-1
2018/05/08 twA+ Stable twA-1
Research Analysis
Publish Date Subject
2024/07/04 Research Update: TCC Group Holdings Co. Ltd. Ratings Affirmed At 'twA+/twA-1'; Outlook Stable
2024/06/14 Bulletin: TCC Group Holdings' Privatization Of NHOA Could Lift Cost Efficiency
2024/04/29 Media Release: Outlook On Taiwan Cement Revised To Stable From Negative On Improving Profitability; 'twA+/twA-1' Ratings Affirmed
2023/11/30 Bulletin: Taiwan Cement's Debt Leverage Faces Continued Pressure From High Capital Spending
2023/04/25 Media Release: Taiwan Cement Corp. Ratings Affirmed At 'twA+/twA-1'; Liquidity Revised To Strong; Outlook Remains Negative
2022/04/21 Media Release: Taiwan Cement Corp. Outlook Revised To Negative On Lower Profitability; 'twA+/twA-1' Ratings Affirmed
2021/04/27 Research Update: Taiwan Cement Corp. Ratings Affirmed At ‘twA+/twA-1’; Outlook Stable
Last 5 Years Issue Rating History
Series Amount
(Million)		 Issue Date Maturity Date
 Coupon Rate
(%)		 Rating Rating Date
None
*Taiwan Ratings maintains continuous surveillance over its ratings and the “Rating date” below refers to the last date on which the ratings/outlook have been changed or the ratings on/off CreditWatch.
*Unless there is a material change in our rating views on a given entity, Taiwan Ratings does not update the “Rating date,” which is accordance with the general international practice for rating disclosures.