Outlook for Taipei 101 operator upgraded to 'stable' : vimar

Outlook for Taipei 101 operator upgraded to 'stable'


Outlook for Taipei 101 operator upgraded to 'stable'
03/06/2021 07:07 PM
CNA file photo
Taipei, March 6 (CNA) The outlook for Taipei Financial Center Corp. (TFCC), which owns the landmark skyscraper Taipei 101, has been upgraded from "negative" to "stable," on recovering revenue of its shopping mall, according to Taiwan Ratings.
Stable income from rental of the building's office spaces was also cited by Taiwan Ratings as a favorable factor in its TFCC outlook.
As a result, Taiwan Ratings, a local partner of S&P Global Ratings, has issued a "twAA-/twA-1+" credit rating for TFCC.
"A benign COVID-19 outbreak in Taiwan has limited the potential downside risk from the pandemic on domestic consumption power," Taiwan Ratings said. "Meanwhile, the propensity of local consumers to increase their budget for domestic consumption to replace their spending overseas amid travel restrictions could continue to fuel domestic consumption in 2021 and 2022."

Related Keywords

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