Current Rating
Rating FAQ
Long-term  :   twA+
Short-term  :   twA-1
Outlook  :  Negative
Issuer Rating History
Rating Date Long-term Rating outlook (credit watch) Short-term Rating
2025/05/22 twA+ Negative twA-1
2025/02/13 twA Positive twA-1
2024/08/27 twA Watch Dev twA-1
2024/03/07 twA Negative twA-1
2023/05/29 twA+ Negative twA-1
2022/05/30 twA+ Stable twA-1
2020/05/29 twA+ Negative twA-1
2018/09/27 twA+ Stable twA-1
2007/06/07 twA Stable twA-1
2006/09/12 twA Stable twA-2
2005/09/22 twA- Positive twA-2
2004/12/22 twA- Stable twA-2
2004/09/06 twBBB+ Stable twA-3
2002/06/26 twBBB Positive twA-3
2000/09/07 twBBB Stable twA-3
1998/09/29 twBBB- Stable twA-3
Research Analysis
Publish Date Subject
2025/05/22 Media Release Shin Kong FHC, Shin Kong Life And Key Subsidies Upgraded On Taishin FHC Merger
2025/02/13 Media Release: Shin Kong Life, Shin Kong Financial Holding And Key Subsidiaries Ratings Affirmed With Positive Outlook; Off CreditWatch
2024/08/27 Media Release: Shin Kong FHC And Key Operating Unit Ratings Placed On CreditWatch Developing On Merger Announcement
2024/05/29 Research Update: MasterLink Securities Corp. Ratings Affirmed At 'twA/twA-1'; Outlook Negative
2024/03/07 Media Release: Shin Kong Life, Shin Kong FHC, And Key Group Units Downgraded On Life Insurer's Weak Performance; Outlook Negative
2023/05/29 Media Release: Outlook On Shin Kong FHC And Key Group Units Revised To Negative On Shin Kong Life's High Earning Volatility; Ratings Affirmed
2022/05/30 Media Release: MasterLink Securities Corp. Outlook Revised To Stable From Negative; Ratings Affirmed At 'twA+/twA-1' On Group Support
2022/01/24 Media Release: Ratings On Taiwan-Based Securities Brokers Affirmed Under Revised Criteria
2021/05/27 Research Update: MasterLink Securities Corp. Ratings Affirmed At 'twA+/twA-1'; Outlook Negative
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.