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

Issuer Rating History

Rating Date	Long-term Rating	outlook (credit watch)	Short-term Rating
2024/04/29	twA	Stable	twA-1
2022/04/28	twA-	Stable	twA-2
2021/09/16	twBBB+	Positive	twA-2
2021/04/29	twBBB+	Stable	twA-2
2020/04/14	twBBB	Negative	twA-2
2018/07/18	twBBB	Stable	twA-2
2017/09/12	twBBB	Stable	twA-3
2017/01/16	twBBB	Negative	twA-3
2015/12/17	twBBB	Stable	twA-3
2015/04/29	twBBB	Positive	twA-3
2011/10/11	twBBB	Stable	twA-3
2010/06/01	twBBB+	Stable	twA-3
2009/05/26	twBBB+	Negative	twA-3
2008/12/04	twA-	Negative	twA-2
2007/04/25	twA-	Stable	twA-2
2004/01/15	twA	Stable	twA-2
2003/06/19	twA-	Stable	twA-2
2003/01/28	twBBB+	Stable	twA-3
2002/06/11	twBBB+	Negative	twA-3
2002/03/20	twA-	Watch Neg	twA-2
2001/11/20	twA-	Negative	twA-2
2001/06/21	twA	Negative	twA-2
2000/03/06	twA	Stable	twA-2

Research Analysis

Publish Date	Subject
2025/04/28	Research Update: Yang Ming Marine Transport Corp. Ratings Affirmed At 'twA/twA-1'; Outlook Stable
2024/04/29	Media Release: Yang Ming Marine Transport Corp. Upgraded To 'twA/twA-1' On More Resilient Profitability; Outlook Stable
2023/04/27	Media Release: Yang Ming Marine Transport Corp. Ratings Affirmed At 'twA-/twA-2' On High Net Cash Position; Outlook Stable
2022/04/28	Media Release: Yang Ming Marine Transport Corp. Upgraded To 'twA-/twA-2' On Robust Cash Flow; Outlook Stable
2021/09/16	Media Release: Yang Ming Marine Transport Corp. Outlook Revised To Positive From Stable On High Freight Rates; 'twBBB+/twA-2' Ratings Affirmed
2021/04/29	Media Release: Taiwan-Based Container Carrier Yang Ming Marine Upgraded To ‘twBBB+/twA-2’ On Strong Cash Flow; Outlook Stable

Last 5 Years Issue Rating History

Series	Amount (Million)	Issue Date	Maturity Date	Coupon Rate (%)	Rating	Rating Date
--16/B	0	--	--	--	NR	2020/11/01