TECO's ratings have been confirmed by Taiwan Ratings: Long-term “twA+”, Short-term “twA-1”, with a Positive outlook

TECO Electric & Machinery Co., Ltd. has received high commendation from Taiwan Ratings. According to the latest rating report, TECO’s long-term issuer rating remains at “twA+,” and its short-term rating is “twA-1,” with a Positive outlook. These ratings, which rank among the highest in the peer group, fully affirm TECO’s technical leadership and robust financial performance in the electric motor and green energy equipment sectors.

Taiwan Ratings noted that the Positive outlook reflects expectations that over the next two years, TECO will be able to sustain its enhanced EBITDA margin by expanding its product portfolio of energy-efficient electric motors and equipment solutions. However, the company's liquidity buffer is expected to narrow, as capital expenditures and investment needs in its electric motor and green energy businesses, along with higher cash dividend payouts, are anticipated to increase over the next one to two years. In light of this, Taiwan Ratings has revised TECO’s liquidity assessment from “Exceptional” to “Strong.” TECO remains confident in its strategy and will continue to bolster R&D investment and optimize its product mix to adapt to market changes and enhance profitability, while further expanding its international footprint to become a global leader in the energy transition.