Rating History

Rating Date	Rating/Credit Watch
2014/03/20	NR / --
2012/03/27	twAA+ (sf) / --
2010/09/15	twBBB (sf) / --
2007/01/30	twBBB- (sf) / --

Research Analysis

Publish Date	Subject
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.