Fitch affirms Taiwan’s ratings, gives stable outlook

Focus Taiwan
Date: 2018/10/13
By: Frances Huang 

Taipei, Oct. 13 (CNA) U.S.-based ratings agency Fitch Ratings has affirmed Taiwan’s Long-Term Foreign-Currency Issuer Default Ratings at “AA-” and its Long-Term Local-Currency Issuer Default Ratings at “AA-” and gave a stable outlook for the two ratings.

“The affirmation reflects Taiwan’s robust external finances, strong macroeconomic policy framework, competitive business environment and high governance standards,” Fitch said in a statement.

The latest ratings, however, were constrained by Taiwan’s per capita income of US$25,095, which is far below the median US$46,637 in the “AA” category, the agency said.

Fitch also warned that the complex ties with China have the potential to affect Taiwan’s economy and politics.    [FULL  STORY]

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