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

Issuer Rating History

Rating Date	Long-term Rating	outlook (credit watch)	Short-term Rating
2024/10/15	twA-	Stable	twA-2
2021/10/28	twBBB+	Stable	twA-2
2020/03/16	twBBB+	Negative	twA-2
2018/07/18	twBBB+	Stable	twA-2
2016/07/06	twBBB+	Stable	twA-3
2016/01/27	twBBB+	Positive	twA-3
2010/11/26	twBBB+	Stable	twA-3
2003/11/13	twBBB	Stable	twA-3
2003/05/09	twBBB	Negative	twA-3
2002/11/13	twBBB	Stable	twA-3
2002/05/27	twBBB	Negative	twA-3
2001/11/22	twBBB+	Negative	twA-2
2001/09/24	twBBB+	Watch Neg	twA-2
2001/05/03	twBBB+	Stable	twA-3

Research Analysis

Publish Date	Subject
2024/10/15	Media Release: China Airlines Ltd. Upgraded To 'twA-/twA-2' On Improved Debt Leverage; Outlook Stable
2023/10/18	Ratings On China Airlines Affirmed At 'twBBB+/twA-2'; Outlook Stable
2023/03/14	Bulletin: China Airlines' Credit Metrics To Recover More Quickly On Strong Passenger Demand
2022/10/25	Research Update: Ratings On China Airlines Affirmed At 'twBBB+/twA-2'; Outlook Stable
2021/10/28	Media Release: Outlook On China Airlines Revised To Stable On Solid Air Cargo Prospects; 'twBBB+/twA-2' Ratings Affirmed
2021/05/12	Bulletin: China Airlines' Plan To Cut Capacity Will Reduce Rating Headroom
2020/10/29	Research Update: Ratings On China Airlines Affirmed At 'twBBB+/twA-2'; Outlook Remains Negative
2020/03/16	Media Release: Outlook On China Airlines Revised To Negative On Uncertain Cash Flow Recovery; 'twBBB+/twA-2' Ratings Affirmed

Last 5 Years Issue Rating History

Series	Amount (Million)	Issue Date	Maturity Date	Coupon Rate (%)	Rating	Rating Date
102-1/B	0	--	--	--	NR	2020/01/17