Yageo Assigned “twA+” Issuer Credit Rating with Stable Outlook2021/03/02
Yageo Corporation (TAIEX: 2327 TW) announced today (March 2) that the company has assigned the long-term issuer credit rating "twA+" with Stable Outlook by Taiwan Ratings Corporation, which is a subsidiary of internationally renowned credit rating agency S&P Global. The rating methodology is mainly to evaluate the company's industry position, competitive advantage and financial stability. Yageo’s “Stable Outlook” rating represents the positive affirmation of the company’s industry and operation prospects, financial stability, long-term operational development and global strategies by the international credit rating agency.
The international credit rating of Yageo’s "twA+" is currently the only company in the global passive component industry that has an investment-grade rating assigned by an international credit rating agency. It will be greatly helpful for Yageo’s future fundraising plan in the credit market and reduction of debt costs.
Moving forward, Yageo will continue to strengthen its operational fundamentals and core competence, including leading positions in high-end technology, global market presence, and efficient customer service. The company will also focus its end applications on high-end 5G technology, automotive, industrial, aerospace, and medical segments to provide a full range of high-quality services to serve its global customers.