India, April 21 -- 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.
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