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CPC Corporation, Taiwan Received Fitch Ratings at 'AAA (twn)' Again in 2021

30 JUN 2021

Fitch Ratings, Inc. has once again affirmed CPC Corporation, Taiwan’s Long-Term Foreign Currency Issuer Default Rating (IDR) at 'AA-' and its National Long-Term Rating at 'AAA(twn)' with a stable outlook on April 28, 2021.

The credit rating result of CPC Corporation, Taiwan is the same as that of Taiwan Ratings on Sovereign (Long-Term Foreign Currency IDR: AA-/outlook: stable). Based on the government’s strategy for energy security, CPC Corporation, Taiwan bears the responsibility of importing crude oil and natural gas to meet Taiwan’s energy needs. Additionally, it occupies a predominant position in the Taiwan market with a partially integrated business model, which shall serve as considerable support as far as the credit rating of CPC Corporation, Taiwan is concerned.