FTC Credit Ratings:
In order to coordinate the loan assurance on the joint investment in Formosa Ha Tinh Steel Corp. (FHS) with Formosa Plastic Corp. (FPC) group, the Company accepts the suggestion of the finance division of FPC group to adopt Taiwan Ratings' credit ratings from 2014 so as to strengthen the effectiveness of endorsement assurance.
Based on our presentation, its interview with our senior executives at our Taipei branch on September 25, 2024, and its inspection of FTC's operational structure, Taiwan Ratings gives FTC's ten-consecutive-year financial performances the following corporate credit ratings.
| Year |
Long-term credit rating |
Short-term credit rating |
Rating outlook |
| 2024 |
twA |
twA-1 |
Stable |
| 2023 |
twA |
twA-1 |
Stable |
| 2022 |
twA |
twA-1 |
Stable |
| 2021 |
twA |
twA-1 |
Positive |
| 2020 |
twA |
twA-1 |
Stable |
| 2019 |
twA+ |
twA-1 |
Stable |
| 2018 |
twA+ |
twA-1 |
Stable |
| 2017 |
twA+ |
twA-1 |
Stable |
| 2016 |
twA+ |
twA-1 |
Stable |
| 2015 |
twA+ |
twA-1 |
Stable |
| 2014 |
twA+ |
twA-1 |
Stable |
