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
2018/08/13 twAA- Stable twA-1+
2017/06/19 twA+ Stable twA-1
2016/08/17 twA+ Positive twA-1
2010/07/28 twA+ Stable twA-1
2009/07/16 twA+ Negative twA-1
2007/10/31 twA+ Stable twA-1
2007/06/07 twA Stable twA-1
2004/12/22 twA Stable twA-2
2004/09/06 twA- Stable twA-2
2002/12/19 twBBB+ Stable twA-2
2002/06/26 twBBB Positive twA-3
2002/05/30 twBBB Stable twA-3
2000/03/29 twBBB- Stable twA-3
1999/06/02 twBBB- Negative twA-3
1998/06/04 twBBB- Stable twA-3
Research Analysis
Publish Date Subject
2025/01/07 Media Release: Ratings On SinoPac Holdings And Key Subsidiaries Affirmed Following Acquisition Announcement; Outlooks Stable
2024/12/02 Media Release: SinoPac Securities Corp.'s Upcoming Series 114-1 Unsecured Subordinated Corporate Bond Rated 'twA+'
2024/08/22 Research Update: SinoPac Securities Corp. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2023/08/28 Research Update: SinoPac Securities Corp. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2022/08/30 Research Update: SinoPac Securities Corp. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2022/08/08 Media Release: SinoPac Securities Corp.'s Upcoming Series 111-2 Unsecured Subordinated Debentures Rated 'twA+'
2022/05/11 Media Release: SinoPac Securities Corp.'s Upcoming Series 111-1 Unsecured Subordinated Debentures Rated 'twA+'
2022/04/21 Media Release: SinoPac Securities Corp. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2022/01/24 Media Release: Ratings On Taiwan-Based Securities Brokers Affirmed Under Revised Criteria
2021/08/19 Research Update: SinoPac Securities Corp. Ratings Affirmed At 'twAA-/twA-1+'; Outlook Stable
2020/08/26 Research Update: SinoPac Securities Corp. 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
114-0-1/   1,000 2025/01/08 2035/01/08 2.15 twA+  2024/12/02
111--2/A   1,450 2022/8/26 2029/8/26 2.40 twA+  2022/08/08
111--2/B   550 2022/8/26 2032/8/26 2.5 twA+  2022/08/08
111--1/A   400 2022/5/27 2029/5/27 2.00 twA+  2022/05/11
111--1/B   600 2022/5/27 2032/5/27 2.20 twA+  2022/05/11
*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.