Want China Times
Standards and Poor’s on Thursday maintained its favorable outlook for Taiwan by keeping its
“AA-” sovereign credit rating unchanged.
The international credit rating agency said that Taiwan’s credit rating is a reflection of its strong monetary flexibility, sound monetary management, and ability to maintain one of Asia’s lowest inflation rates.
The agency also lauded Taiwan’s lively private sector, moderate government debts and strong external position, with foreign reserves tallied at US$414.7 billion as of the end of March, down US$3.1 billion month-on-month. [FULL STORY]