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
2025/04/24 twA+ Negative twA-1
2023/04/28 twA+ Stable twA-1
2022/04/28 twA+ Positive twA-1
2021/04/23 twA+ Stable twA-1
2020/04/16 twA+ Negative twA-1
2017/04/25 twA+ Stable twA-1
2016/02/02 twA+ Negative twA-1
2013/04/29 twA+ Stable twA-1
2012/06/18 twAA- Negative twA-1+
2011/09/14 twAA Negative twA-1+
2010/10/20 twAA Stable twA-1+
Research Analysis
Publish Date Subject
2025/04/24 Media Release: Outlook On Dragon Steel Corp. Revised To Negative; SACP Lowered On Prolonged Weak Demand; 'twA+/twA-1' Ratings Affirmed
2024/04/29 Media Release: Dragon Steel SACP Lowered On Weakened Demand; Ratings Affirmed On Group Support; Outlook Stable
2023/10/30 Media Release: Dragon Steel Corp. SACP Lowered On Weakened Profitability; Ratings Affirmed On Group Support; Outlook Stable
2023/04/28 Media Release: Outlook On Dragon Steel Corp. Revised To Stable Following Similar Parent Action; 'twA+/twA-1' Ratings Affirmed
2022/04/28 Media Release: Dragon Steel Corp. Outlook Revised To Positive; SACP Raised On Accelerated Debt Reduction; 'twA+/twA-1' Ratings Affirmed
2021/04/23 Media Release: Dragon Steel Corp. Outlook Revised To Stable From Negative On Solid Demand Recovery; 'twA+/twA-1' Ratings Affirmed
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.