We are revising our liquidity assessment for the four core companies of FP group to strong from adequate reflecting the group's relatively high cash balance and short-term investment, as well as its expected improving cash flow. We are affirming our 'BBB+' long-term corporate credit rating and stable outlook on the four core members of the FP group. At the same time, we are affirming the 'cnA+' long-term Greater China Regional Scale rating on the four core members. On Oct. 27, 2016, S&P Global Ratings affirmed its 'BBB+' long-term corporate credit rating and 'cnA+' long-term Greater China Regional Scale rating on the four core companies of the Formosa Plastics group (FP group)--Formosa Plastics Corp., Nan Ya Plastics Corp., Formosa Chemicals&
