Current Rating
Rating FAQ
Long-term  :   twAA-
Short-term  :   twA-1+
Outlook  :  Stable
Issuer Rating History
Rating Date Long-term Rating outlook (credit watch) Short-term Rating
2015/10/05 twAA- Stable twA-1+
2015/08/25 twA+ Positive twA-1
2011/08/31 twA+ Stable twA-1
2009/08/24 NR -- --
2007/10/31 twA Stable twA-1
2004/12/22 twA- Stable twA-2
2004/05/17 twBBB- Stable twA-3
2003/07/18 twBB+ Stable twB
Research Analysis
Publish Date Subject
2024/08/20 Research Update: First Securities Inc. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2023/08/29 Research Update: First Securities Inc. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2022/08/30 Research Update: First Securities Inc. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2022/01/24 Media Release: Ratings On Taiwan-Based Securities Brokers Affirmed Under Revised Criteria
2021/08/26 Research Update: First Securities Inc. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2020/08/26 Research Update: First Securities Inc. Ratings Affirmed At 'twAA-/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.