Formosa Taffeta Co. Ltd.
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
2022/10/24 twA Stable twA-1
2021/10/22 twA Positive twA-1
2020/04/30 twA Stable twA-1
2014/10/29 twA+ Stable twA-1
2014/06/18 twA+ Negative twA-1
Research Analysis
Publish Date Subject
2024/10/22 Media Release: Formosa Taffeta Co. Ltd. Ratings Affirmed At 'twA/twA-1'; Outlook Stable
2023/10/23 Research Update: Formosa Taffeta Co. Ltd. Ratings Affirmed At 'twA/twA-1'; Outlook Stable
2022/10/24 Media Release: Outlook On Formosa Taffeta Co. Ltd. Revised To Stable From Positive On Constrained Profitability; 'twA/twA-1' Ratings Affirmed
2021/10/22 Media Release: Outlook On Formosa Taffeta Co. Ltd. Revised To Positive On Profit Recovery, Debt Guarantee Reduction; 'twA/twA-1' Ratings Affirmed
2020/10/23 Media Release: Formosa Taffeta Co. Ltd. Ratings Affirmed At 'twA/twA-1' On Debt Reduction Plan; Outlook Stable
2020/04/30 Media Release: Formosa Taffeta Co. Ltd. Downgraded To 'twA/twA-1' On Weak Cash Flow And Rising Debt; Outlook Stable
2019/12/19 Media Release: Formosa Taffeta Co. Ltd. 'twA+/twA-1' Ratings Affirmed On Deconsolidation Of IC Packaging And Testing Subsidiary; 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.