彰化銀行-Credit Ratings

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Board of Directors
Material Resolutions of the Board of Directors
Internal Control System
Major Internal Policies
Stewardship Principles
Annual Report
Credit Ratings
Stakeholder Communication
Labor-management Relationship

Credit Ratings

Release Date	Agency	Global		National		Outlook
Release Date	Agency	Long- term	Short-term	Long- term	Short- term	Outlook
2019/11	Taiwan Ratings	---	---	twAA+	twA-1+	Stable
2019/11	S&P	A-	A-2	---	---	Stable
2020/2	Moody's	A2	P-1	---	---	Stable

Note:On 2019, compared with 2018, Taiwan Ratings Corp. raised its issuer credit ratings on Chang Hwa Commercial Bank Ltd. to “twAA+/twA-1+” from “twAA/twA-1+”；S&P Global Ratings raised its issuer credit ratings on Chang Hwa Commercial Bank Ltd. to “A-/A-2” from “BBB+/A-2”.The outlook on the long-term ratings are both “Stable”.