Taipei, Taiwan, R.O.C. December, 2019 - S&P Global Ratings affirmed its 'AA' long-term issuer credit ratings on Chunghwa Telecom. In the meantime, Taiwan Ratings Corp. affirmed its 'twAAA' long-term issuer credit ratings on the company. The outlook on the long-term rating is stable.  It is indicated that Chunghwa Telecom will maintain its market leadership, robust cash flow generation, and minimal debt leverage with conservative debt appetite over the next one to two years.

 Chunghwa Telecom has the highest credit rating among peers, with a robust corporate foundation and a solid financial strength. Chunghwa Telecom is the biggest full service telecom operator in Taiwan, and an important partner of international telecom operators. In the future, the company will dedicate to sustainable operations and continue to be the most valuable and reliable telecom operator for customers.