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
2021/06/30 twA+ Stable twA-1
Research Analysis
Publish Date Subject
2025/04/28 Media Release: Vanguard International Semiconductor Corp. Ratings Affirmed At 'twA+/twA-1' On Reduced Execution Risk; Outlook Stable
2024/08/05 Bulletin: Vanguard's Equity Issue Reduces Financial Risk
2024/04/23 Research Update: Vanguard International Semiconductor Corp. 'twA+/twA-1' Ratings Affirmed; Outlook Stable
2023/11/10 Bulletin: Prolonged Market Downturn To Weigh On Vanguard's Performance
2023/04/27 Research Update: Ratings On Vanguard International Semiconductor Corp. Affirmed At 'twA+/twA-1'; Outlook Stable
2022/11/01 Bulletin: Vanguard's Capital Structure Can Cushion The Looming Downturn
2022/04/26 Research Update: Vanguard International Semiconductor Corp. 'twA+/twA-1' Ratings Affirmed; Outlook Stable
2021/06/30 Media Release: Vanguard International Semiconductor Corp. Assigned 'twA+/twA-1' Ratings; 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.