Taiwan Ratings Corp. today affirmed its ‘twAA-’ long-term and ‘twA-1+’ short-term issuer credit ratings on GlobalWafers Co., Ltd. The outlook on the long-term rating is stable. The ratings continue to reflect the company’s stable market position, globally diversified production footprint, and relatively strong profitability supported by stable utilization rates and long-term supply agreements with key customers. At the same time, the ratings also reflect GlobalWafers’ comparatively weaker market position and technology capabilities in advanced silicon wafer applications than those of larger global peers, which partly offset the aforementioned strengths.
For more details, please refer to Taiwan Ratings’ website.
