Taiwan stock market gains 41% in 2.5 monthsbut S&P cuts credit rating to negative

Taiwan's Credit Rating Outlook Cut to Negative by S&P

Bloomberg - ‎2009年4月14日‎

By Weiyi Lim and Janet Ong April 14 (Bloomberg) -- Taiwan's long-term credit rating outlook was cut to negative from stable by Standard & Poor's Ratings Services, which cited concern about the island’s government debt burden and banking system.

“The negative outlook reflects our expectation of a marked deterioration in the government’s fiscal position in the next two to three years,” Standard & Poor’s credit analyst Kim Eng Tan said in a statement today. ...

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