Article Content
Chapter IV: Credit Rating and Credit Enhancement
| Article 102 |
（Credit rating）
The Asset-Backed Securities or Beneficial Securities issued through public offering to non-specific people by the SPC or the Trustee pursuant to this Act shall be rated by a credit rating institution with the recognition of the competent authority. |
| Article 103 |
（Credit enhancement）
The credit of the Beneficial Securities or Asset-Backed Securities issued by the Trustee or the SPC pursuant to this Act shall be enhanced by way of security interest, credit insurance, excess assets, replacement of part of Assets or other methods by the Originator or other financial institutions in accordance with the asset trust securitization plan or the asset securitization plan. |
| Article 104 |
（Explanation of credit rating results and credit enhancement）
Where the credit of the Beneficial Securities or Asset-Backed Securities issued by the Trustee or the SPC pursuant to this Act is rated or is enhanced by a credit rating institution, the result of rating and the method of credit enhancement shall be described in the prospectus, investment memorandum, or other documents prescribed by the competent authority without any false statements or concealments. |