Transaction Certificate Credit Rating
Shin Kong Life Insurance Song Jiang, Cheng Der, and Panchiao Buildings REAT Class B (historical Ratings) NR / --
Shin Kong Life Insurance Song Jiang, Cheng Der, and Panchiao Buildings REAT Class C (historical Ratings) NR / --
Shin Kong Tun Hwa REAT Class A (historical Ratings) NR / --
Shin Kong Tun Hwa REAT Class B (historical Ratings) NR / --
Shin Kong Tun Hwa REAT Class C (historical Ratings) NR / --
Cosmos G&M 2003-1 Excess Spread Rights certificates (ESR) (historical Ratings) NR / --
Capital Securities CBO 2005-1 Class A (historical Ratings) NR / --
Capital Securities CBO 2005-1 Class B (historical Ratings) NR / --
Capital Securities CBO 2005-1 Class C (historical Ratings) NR / --
Capital Securities CBO 2005-1 Class D (historical Ratings) NR / --
*The 'sf' identifier shall be assigned to ratings on "structured finance instruments" when required to comply with applicable law or regulatory requirement or when Taiwan Ratings believes it appropriate. The addition of the 'sf' identifier to a rating does not change that rating's definition or our opinion about the issue's creditworthiness.

*TRC does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives. TRC cannot guarantee the accuracy, completeness, or timeliness of the information relied on in connection with a rating or the results obtained from the use of such information

*TRC credit rating symbols are accompanied by a 'tw' prefix to denote Taiwan. The rating scale highlights the relative creditworthiness of obligors and obligations in Taiwan, and focus on a comparative analysis of Taiwan's active obligors.

*TRC provides customized “Ratings Export Service”—an up-to-date ratings data feed to its data user. We will generate the data feed upon completion of any rating actions, and will send out the data to the user's server on an intra-day basis. For details of the service, please contact Ms. Jenny Wu at: (886)2 2175-6873.



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Jason Wang (886) 2 2175-6888


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