Financial News: S&P Retains Taiwan's Sovereign Ratings

S&P Retains Taiwan's Sovereign Ratings

04/21/2025 - 08:29:00 (RTTNews)

(RTTNews) - S&P Global Ratings retained credit ratings of Taiwan with 'stable' outlook on Monday as strong external position and robust economic support help the nation to withstand headwinds.

The long-term rating was affirmed at 'AA+' and the short-term issuer credit ratings at 'A-1+'.

The stable outlook on the long-term rating reflects the assumption that cross-strait relations and fluid trade dynamics are unlikely to seriously disrupt Taiwan's economic stability over the next two years.

The rating agency forecast Taiwan's competitive export sector to benefit from global advancement in the IT sector despite current uncertainties related to global trade.

Taiwan's fiscal settings remain healthy underpinned by robust revenue growth. Moreover, sufficient domestic liquidity as well as low debt servicing contributes to the fiscal strength, S&P noted. Further, the economy is forecast to grow at a slower pace of 2.1 percent this year following an estimated 4.6 percent expansion in 2024.

For 2025, the government has budgeted a deficit of 0.7 percent of GDP in the face of higher defense and social welfare spending. An aging population will increase pressure on social and welfare spending over time.

For comments and feedback: contact editorial@rttnews.com

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS

Turkish Economic Growth Slows To 2.0% (10 hr(s), 30 min(s), 27 sec(s) ago)
(RTTNews) - Turkey's economic growth moderated in the first quarter of 2025, official data ...Full Story»

Brazil GDP Growth Accelerates To 1.4% (10 hr(s), 48 min(s), 27 sec(s) ago)
(RTTNews) - The Brazilian economy expanded at a faster pace in the first quarter of 2025, accord ...Full Story»

Portugal GDP Growth Slows As Estimated, Inflation Rises (11 hr(s), 35 min(s), 27 sec(s) ago)
(RTTNews) - Portugal's economic growth eased as initially estimated in the first quarter, whi ...Full Story»

U.S. Consumer Prices Inch Up In Line With Estimates In April (11 hr(s), 59 min(s), 27 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of April, according to ...Full Story»

Italy Inflation Slows To 1.7% (12 hr(s), 12 min(s), 27 sec(s) ago)
(RTTNews) - Italy's consumer price inflation eased as expected in May after remaining stable i ...Full Story»

U.S. Consumer Prices Inch Up In Line With Estimates In April (12 hr(s), 30 min(s), 27 sec(s) ago)
(RTTNews) - Consumer prices in the U.S. crept slightly higher in the month of April, according to ...Full Story»

Estonian Economy Contracts In Q1 (12 hr(s), 43 min(s), 27 sec(s) ago)
(RTTNews) - Estonia's economy contracted in the first quarter of 2025, revised from a recovery ...Full Story»

German Inflation Stable At 2.1% (12 hr(s), 50 min(s), 27 sec(s) ago)
(RTTNews) - Germany's consumer prices grew at a steady rate in May, flash estimates from Desta ...Full Story»