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Tai-Tsai-Rong-(4)-Zi- 0924000965
Direction
MINISTRY OF FINANCE
From : Ministry of Finance
Date : October 30, 2003
Ref. No. : Tai-Tsai-Rong-(4)-Zi- 0924000965
Content :
1. The required credit rating that a trust enterprise must hold in order to be recognized by the MOF [for purposes of such trust enterprise applying to engage in the business of managing and employing collective trust funds or in the raising and issuance of collective trust funds] shall:
(1) Have a short-term credit rating from Standard & Poor's of A-3 or above, or a long-term rating from Standard & Poor's of BBB- or above.
(2) Have a short-term rating from Moody's Investors Service of P-3 or above, or a long-term credit rating from Moody's Investors Service of Baa3 or above.
(3) Have a short-term rating from Fitch Rating Ltd. of F3 or above, or long-term rating from Fitch Rating Ltd. of BBB- or above.
(4) Have a short-term rating from Taiwan Ratings Corporation of twA-3 or above, or a long-term rating from Taiwan Ratings Corporation of twBBB- or above.
(5) Have a short-term rating from Fitch Ratings Limited, Taiwan Branch of F3 (twn) or above, or a long-term rating from Fitch Ratings Limited, Taiwan Branch of BBB- (twn) or above.
(6) Have a short-term rating from Moody's Taiwan Corporation of TW-3 or above, or a long-term rating from Moody's Taiwan Corporation of Baa3.tw or above.
2. The MOF announcement, dated January 7, 2002, (Ref. No.: Tai-Tsai-Rong-(4)-Zi- 0918010028) shall no longer apply.
If the translations of the texts differ from the original Chinese texts, the original texts are preferential.
Last Updated:March 18, 2005 |