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
2024/09/23 twAA- Stable twA-1+
2023/09/26 twAA- Negative twA-1+
2021/09/28 twAA- Stable twA-1+
2020/09/28 twA+ Positive twA-1
2018/09/19 twA+ Stable twA-1
2015/11/17 twA Stable twA-1
2015/07/07 twA+ Negative twA-1
2007/08/16 twA+ Stable twA-1
2007/06/07 twA Stable twA-1
2004/12/22 twA Stable twA-2
2004/04/26 twA- Stable twA-2
Research Analysis
Publish Date Subject
2024/09/23 Media Release: Outlook On Asia Cement Revised To Stable From Negative On Improving Leverage; 'twAA-/twA-1+' Ratings Affirmed
2024/06/07 Bulletin: Asia Cement's Privatization Of China Investment Could Delay Deleveraging
2023/09/26 Media Release: Asia Cement Corp. Outlook Revised To Negative From Stable On Weak Profitability; 'twAA-/twA-1+' Ratings Affirmed
2023/03/09 Bulletin: Acquisition Of Far EasTone Shares Could Slightly Weaken Asia Cement's Capital Structure
2022/09/22 Media Release: Asia Cement Corp. Ratings Affirmed At 'twAA-/twA-1+'; Liquidity Revised To Strong From Adequate; Outlook Stable
2021/09/28 Media Release: Asia Cement Corp. Upgraded To 'twAA-/twA-1+' On Low Debt Leverage; Outlook Stable
2020/09/28 Media Release: Asia Cement Corp. Outlook Revised To Positive On Strong Cash Flow; 'twA+/twA-1' Ratings Affirmed
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.