Long-term  :   twA- Short-term  :   twA-2 Outlook  :  Stable

Issuer Rating History

Rating Date	Long-term Rating	outlook (credit watch)	Short-term Rating
2024/09/23	twA-	Stable	twA-2
2024/01/23	twBBB+	Positive	twA-2
2023/09/15	twBBB+	Stable	twA-2
2021/09/08	twBBB+	Positive	twA-2
2020/04/09	twBBB+	Stable	twA-2
2019/01/04	twA-	Stable	twA-2
2018/05/02	twA	Negative	twA-1
2017/09/08	twA	Stable	twA-1
2009/03/31	NR	--	--
2008/05/29	twA	Stable	twA-1
2007/07/05	twA	Negative	twA-1
2007/06/07	twA	Stable	twA-1
2004/02/25	twA	Stable	twA-2
2003/05/26	twA-	Positive	twA-2
1999/02/05	twA-	Stable	twA-2

Research Analysis

Publish Date	Subject
2024/09/23	Media Release: Yulon Motor Co. Ltd. Upgraded To 'twA-/twA-2' On Deleveraging; Outlook Stable
2024/01/23	Media Release: Outlook On Yulon Motor Revised To Positive From Stable On Deleveraging; 'twBBB+/twA-2' Ratings Affirmed
2023/09/15	Media Release: Yulon Motor Outlook Revised To Stable From Positive On Constrained Cashflow Generation; 'twBBB+/twA-2' Ratings Affirmed
2022/09/20	Research Update: Yulon Motor Co. Ltd. 'twBBB+/twA-2' Ratings Affirmed; Outlook Remains Positive
2021/09/08	Media Release: Yulon Motor Co. Ltd. Outlook Revised To Positive From Stable On Improving Profitability; 'twBBB+/twA-2' Ratings Affirmed
2020/09/18	Research Update: Yulon Motor Co. Ltd. 'twBBB+/twA-2' Ratings Affirmed; Outlook Stable
2020/04/09	Media Release: Yulon Motor Co. Ltd. Downgraded To 'twBBB+/twA-2' On Uncertain Timeframe To Recover Financial Strength; Outlook Stable

Last 5 Years Issue Rating History

Series	Amount (Million)	Issue Date	Maturity Date	Coupon Rate (%)	Rating	Rating Date
None