Taiwan’s long- and short-term unsolicited issuer credit ratings were left unchanged April 9 at
AA-minus and A-1 plus by New York-based Standard and Poor’s Ratings Services.
The result balances a strong net external asset position, ample monetary flexibility and dynamic private-sector companies with a moderate level of government debt, S&P said, adding that the stable outlook reflects expectations of sustained economic growth helping consolidate the debt position.
S&P commended the ROC Central Bank for demonstrating sound monetary management and flexibility while keeping inflation stable and among the lowest in Asia.
Although some risk of deflation is suggested by the recent negative trend in consumer prices, S&P expects Taiwan’s 2015 inflation rate to remain positive with price rebounds later in the year. [FULL STORY]