S&P Global Research Publications

Title:Taiwan Top 50 Corporates
Price:$750.00
Publication Date:Aug 14, 2007
Source:Standard & Poor's
Author:Chew, P., Fukutomi, D., et. al.
Abstract:Standard & Poor's Ratings Services and its subsidiary Taiwan Ratings Corp. are pleased to present the fourth annual survey of Taiwan's top 50 corporates (based on revenue). This publication, which offers the most comprehensive views on corporate credit trends in Taiwan, outlines our thinking on factors likely to shape corporate credit quality. The lead article, "Global Economy Boosts Credit Quality Of Taiwan's Top 50 Corporates, But Can They Stay On Track?", has uncovered a number of important trends. The credit quality of first-tier companies in major industrial sectors shows continued improvement. We expect top-tier corporates to maintain stable profiles, or see slight improvement in their credit profiles through the rest of 2007, given little evidence of an impending reversal of global economic conditions. Despite a rosy near-term outlook, we believe the next steps that companies take in their business and financial strategies will be crucial. Aggressive investment in noncore businesses, subsidiaries and affiliates, or excessive returns to shareholders, could impede the longer-term growth of a company's core business, and lead to near- or medium-term deterioration in credit quality. The commentary "Taiwan's Top Industrials Face Cash Management Conundrum" provides specific examples of how different business and financial strategies are affecting the credit outlook of leading companies in four major industrial sectors. A new, important feature in this year's publication is that we have included credit commentaries for all 50 companies in the Top 50 list, which are both rated and unrated by Taiwan Ratings. The article on each company features our assigned business risk and financial risk profile scores, a summary of key credit strengths and weaknesses, and statistics covering key financial figures and credit ratios. The commentaries represent the most up-to-date snapshot of credit profiles of the top corporates in Taiwan that is available in this market.
Brief Excerpt:... stop##corporates(basedonrevenue).Thispublication,whichoffersthemostcomprehensiveviewsoncorporatecredittrendsinTaiwan,outlinesourthinkingonfactorslikelytoshapecorporatecreditquality.Theleadarticle, GlobalEconomyBoostsCreditQualityOfTaiwan sTop##Corporates,ButCanTheyStayOnTrack? ,hasuncoveredanumberofimportanttrends.Thecreditqualityoffirst-tiercompaniesinmajorindustrialsectorsshowscontinuedimprovement.Weexpecttop-tiercorporatestomaintainstableprofiles,orseeslightimprovementintheircreditprofilesthroughtherestof####,givenlittleevidenceofanimpendingreversalofglobaleconomicconditions.Despitearosynear-termoutlook,webelievethenextstepsthatcompaniestakeintheirbusinessandfinancialstrategieswillbecrucial.Aggressiveinvestmentinnoncorebusinesses,subsidiariesandaffiliates,orexcessivereturnstoshareholders,couldimpedethelonger-termgrowthofacompany scorebusiness,andleadtonear-ormedium-termdeteriorationincreditquality.Thecommentary Taiwan sTopIndustrialsFaceCashManagementConundrum providesspecificexamplesofhowdifferentbusinessandfinancialstrategiesareaffectingthecreditoutlookofleadingcompaniesinfourmajorindustrialsectors.Anew,importantfeatureinthisyear spublicationisthatwehaveincludedcreditcommentariesforall##companiesintheTop##list,whicharebothratedandunratedbyTaiwanRatings.Thearticleoneachcompanyfeaturesourassignedbusinessriskandfinancialriskprofilescores,asummaryofkeycreditstrengthsandweaknesses,andstatisticscoveringkeyfinancialfiguresandcreditratios.Thecommentariesrepresentthemostup-to-datesnapshotofcreditprofilesofthetopcorporatesinTaiwanthatisavailableinthismarket.Standard&Poor sandTaiwanRatingshaveunrivalledexpertiseinprovidingprofessionalandindependentinvestorswithaccurateandunbiasedratingsoncorporateentitiesacrosstheglobe.TogetherwithTaiwanRatings stronglocalpresence,weremaincommittedtoprovidingthebestcoverageoftheTaiwanmarket.Wetrustthatthefinancialandinvestorcommunities,bothinTaiwanandoverseas,willfindthisreportavaluablereferencetoolthatenablesyoutomakebetter-informedinvestmentdecisions....
Word Count:215245
Length:81 Pages
Document ID:S&PGRTaiwanTop50Corps
Format:Adobe Acrobat Adobe Acrobat
Free Sample: Click Here to Download

Enter the keyword(s) which you would like to search for within this document and click "Search"

 
Purchase Report
Price: $750.00

Looking For Something Else?


S&P Global Research Publications

S&P regional and local language research.

  about us | contact us | public company index | private company index | pcan | your privacy rights | terms & conditions  

Copyright © 2008 Alacra, Inc., 100 Broadway, Suite 1100, New York, NY 10005. All rights reserved.
Reproduction in whole or in part in any form or medium without express written permission is prohibited.