Long-term  :   twA Short-term  :   twA-1 Outlook  :  Stable

Issuer Rating History

Rating Date	Long-term Rating	outlook (credit watch)	Short-term Rating
2022/04/26	twA	Stable	twA-1
2021/09/16	twA-	Positive	twA-2
2021/04/29	twA-	Stable	twA-2
2020/04/14	twA-	Negative	twA-2
2018/04/30	twA-	Stable	twA-2
2016/04/26	twA-	Negative	twA-2
2012/05/03	twA-	Stable	twA-2
2011/04/15	twA	Stable	twA-1
2010/06/01	twA-	Stable	twA-2
2008/12/04	twA-	Negative	twA-2
2008/11/17	twA	Watch Neg	twA-1
2007/06/07	twA	Stable	twA-1
2007/04/25	twA	Stable	twA-2
2006/04/26	twA+	Negative	twA-1
2005/03/08	twA+	Stable	twA-1
2004/04/12	twA	Stable	twA-2

Research Analysis

Publish Date	Subject
2025/04/28	Research Update: Wan Hai Lines Ltd. Ratings Affirmed At 'twA/twA-1'; Outlook Stable
2024/04/26	Media Release: Wan Hai Lines Ltd. Ratings Affirmed At 'twA/twA-1'; Liquidity Revised To Exceptional From Strong; Outlook Stable
2023/04/27	Media Release: Wan Hai Lines Ltd. Ratings Affirmed At 'twA/twA-1' On High Net Cash Position; Outlook Stable
2023/02/09	Bulletin: Wan Hai's Improved Capital Structure Can Absorb Falling Freight Rate
2022/08/15	Bulletin: Wan Hai Can Withstand Pricing And Fuel Volatility
2022/04/26	Media Release: Wan Hai Lines Ltd. Upgraded To 'twA/twA-1' On Robust Profitability; Outlook Stable
2021/09/16	Media Release: Wan Hai Lines Ltd. Outlook Revised To Positive From Stable On High Freight Rates; 'twA-/twA-2' Ratings Affirmed
2021/07/01	Bulletin: Wan Hai's Strong Performance Can Absorb Large New Vessel Spending
2021/04/29	Media Release: Taiwan-Based Shipping Firm Wan Hai Lines Ltd. Outlook Revised To Stable On Strong Operating Cash Flow; Ratings Affirmed.

Last 5 Years Issue Rating History

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