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
2025/04/24 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
2018/10/03 twA Stable twA-1
Research Analysis
Publish Date Subject
2025/09/25 Media Release: Chung Hung Steel 'twA/twA-1' Ratings Affirmed On Group Support; SACP Lowered On Weaker Profitability; Outlook Negative
2025/04/24 Media Release: Outlook On Chung Hung Steel Corp. Revised To Negative Following Similar Parent Action; 'twA/twA-1' Ratings Affirmed
2024/09/20 Media Release: Chung Hung Steel SACP Lowered On Still-Weak Profitability; Ratings Affirmed On Group Support; Outlook Stable
2023/09/18 Media Release: Chung Hung Steel SACP Lowered On Weakened Profitability; Ratings Affirmed On Group Support; Outlook Stable
2023/04/28 Media Release: Chung Hung Steel Corp. Outlook Revised To Stable From Positive On Similar Parent Action; 'twA/twA-1' Ratings Affirmed
2022/09/07 Media Release: Chung Hung Steel Corp. SACP Lowered On Weakening Profitability; 'twA/twA-1' Ratings Affirmed On Group Support; Outlook Positive
2022/04/28 Media Release: Chung Hung Steel Corp. Outlook Revised To Positive From Stable On Similar Parent Action; 'twA/twA-1' Ratings Affirmed
2021/09/14 Media Release: Chung Hung Steel Corp. Stand-alone Credit Profile Raised On Rapid Debt Reduction; 'twA/twA-1' Ratings Affirmed
2021/04/23 Media Release: Chung Hung Steel Outlook Revised To Stable From Negative On Solid Demand Recovery; SACP Raised; '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.