Moody's gives Taipower notes AAA.tw

Moody's Investors Service said that Moody's Taiwan Corp. has assigned a Aaa.tw national-scale rating to Taiwan Power Co. Ltd.'s (Taipower) proposed NT$8billion unsecured guaranteed notes with a stable outlook.

At the same time, Moody's said it has affirmed Taipower's A1 foreign currency issuer rating.

The outlook remains negative.

The proposed issuance, which consists of NT$3.5 billion three-year notes, NT$2.7 billion five-year notes and NT$1.8 billion seven-year notes, will be fully guaranteed by Mega International Commercial Bank (A1/stable), the agency added.

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