{"id":3382,"date":"2026-08-26T07:35:18","date_gmt":"2026-08-26T07:35:18","guid":{"rendered":"https:\/\/www.tejwin.com\/en\/product-services\/uncategorized\/\/"},"modified":"2026-09-21T02:56:28","modified_gmt":"2026-09-21T02:56:28","slug":"tcri_taiwan-corporate-credit-risk-index","status":"publish","type":"product","link":"https:\/\/www.tejwin.com\/en\/product-services\/credit-risk-solution\/tcri_taiwan-corporate-credit-risk-index\/","title":{"rendered":"TCRI\u2122_Taiwan Corporate Credit Risk Index"},"content":{"rendered":"<h2 class=\"wp-block-heading\">Preface<\/h2>\n<p class=\"wp-block-paragraph\">In order to grow the business, the current business operators are bolder than in the past, and the financial leverage is generally higher. With the development of technology, the life cycle of products has been shortened, price fluctuations and the frequent entry and exit of competitors have increased business risks. In addition, the development of the financial commodity market is booming, and the degree of participation by corporate operators has increased greatly. Therefore,\u00a0<span class=\"ek-underline\">in addition to financial operating information as a reference for corporate credit risk performance, changes in corporate management are also regarded as one of the clues to the future trend of corporate credit risk.<\/span><\/p>\n<p class=\"wp-block-paragraph\">Based on the market\u2019s emphasis on corporate credit risk assessment, TEJ\u2019s industrial research team developed the\u00a0<mark class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>\u201cTCRI Taiwan Corporate Credit Risk Index\u201d<\/strong>\u00a0<\/mark>(hereinafter referred to as\u00a0<strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">TCRI<\/mark><\/strong>) in 1991, which is an open, transparent and highly differentiated credit rating system\u00a0<span class=\"ek-underline\">based on a quantitative model and supplemented by professional manual interpretation<\/span>. TCRI is widely recognized by most financial institutions for its\u00a0<strong><span class=\"ek-underline\">high differentiation ability, stability of volatility, and comparability with large international credit rating agencies<\/span><\/strong>. Currently, the TCRI has become an important reference index for over 90% of Taiwan\u2019s banking industry to measure credit risk in investment and lending.<\/p>\n<h2 class=\"wp-block-heading\"><span id=\"TCRI_Rating_Scope_and_Features\" class=\"ez-toc-section\"><\/span>TCRI Rating Scope and Features<\/h2>\n<p class=\"wp-block-paragraph\">We adopt\u00a0<mark class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>proactive ratings<\/strong><\/mark>\u00a0to keep an eye on the latest corporate developments and adjust credit risk ratings<\/p>\n<ul class=\"wp-block-list\">\n<li>Uses public information as the basis; the information is public, complete, verifiable, and is not guided by companies.<\/li>\n<li>The scope of rating covers the majority of public companies, and the scope is much\u00a0wider than any other domestic rating institution.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">Recognized as\u00a0<strong><mark class=\"has-inline-color has-vivid-cyan-blue-color\">the most representative credit risk index<\/mark><\/strong>\u00a0by domestic academic and research institutions.<\/p>\n<ul class=\"wp-block-list\">\n<li>TCRI\u2122 is the main index adopted by banks when making lending decisions and has over 90% share in\u00a0the domestic banking market.<\/li>\n<li>An important basis for securities firms to make investments.<\/li>\n<li>Recognized as the most representative credit risk index by domestic academic and research institutions.<\/li>\n<\/ul>\n<p class=\"wp-block-paragraph\">The effectiveness of\u00a0<strong><mark class=\"has-inline-color has-vivid-cyan-blue-color\">TCRI\u2122 rating results is periodically validated<\/mark><\/strong>.<\/p>\n<ul class=\"wp-block-list\">\n<li>Warning Ability: the\u00a0discriminatory power and default rate validate\u00a0whether or not the rating system can effectively distinguish between companies with different credit risks.<\/li>\n<li>Stability: deviation\u00a0of rating results are examined for mid-term and long-term lending and investment decisions.<\/li>\n<\/ul>\n<h2 class=\"wp-block-heading\"><span id=\"TCRI%E2%84%A2_Rating_Method_and_Procedure\" class=\"ez-toc-section\"><\/span><strong>TCRI\u2122 Rating Method and Procedure<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">TCRI is a semi-expert model to evaluate Public Companies. The methodology is transparent, and discriminatory, financial industry take this rating as a reference for investment and credit granting.<\/p>\n<h3 class=\"wp-block-heading\"><span id=\"TCRI_Rating_method_and_procedure\" class=\"ez-toc-section\"><\/span>TCRI Rating method and procedure<\/h3>\n<p class=\"wp-block-paragraph\">The semi-expert model is mainly used based on a quantitative model and supported by manual determination. It is divided into three steps.<\/p>\n<figure class=\"wp-block-image caption-align-center\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRIE8A995E7AD89E696B9E6B395E88887E7A88BE5BA8F_E88BB1E69687.jpg\" alt=\"TCRI\" \/><figcaption class=\"wp-element-caption\">Figure 1. TCRI Rating method and procedure<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><span id=\"The_Meanings_of_TCRI%E2%84%A2_Rating\" class=\"ez-toc-section\"><\/span><strong>The Meanings of TCRI\u2122 Rating<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">The rating is divided into 1-9 levels, with low risk (1-4), medium risk (5-6), and high risk (7-9), and when the company is in default, it is labeled as D (Default).<\/p>\n<figure class=\"wp-block-image is-resized caption-align-center\"><img decoding=\"async\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRIE7AD89E7B49A_E88BB1E69687.jpg\" alt=\"TCRI\" \/><figcaption class=\"wp-element-caption\">Figure 2. The Meanings of TCRI\u2122 Rating<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\"><span id=\"Manual_Determination\" class=\"ez-toc-section\"><\/span><strong>Manual Determination<\/strong><\/h2>\n<p class=\"wp-block-paragraph\">Manual determination mainly includes the following three aspects:<\/p>\n<figure class=\"wp-block-table caption-align-center is-style-regular\">\n<table>\n<thead>\n<tr>\n<th><strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">A\uff1a Accounting Information<\/mark><\/strong><\/th>\n<th><strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">I \uff1aIndustry Prospective<\/mark><\/strong><\/th>\n<th><strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">M \uff1aManagement Risk<\/mark><\/strong><\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Verify the reasonableness of accounting estimates (accounting analysis and quality of financial statements; financial analysis).<\/td>\n<td>Consider the macroeconomic environment and industry trends, including the company\u2019s competitive position in the industry.<\/td>\n<td>Evaluate changes in management, shareholding structure, investment strategy, and risk preferences.<\/td>\n<\/tr>\n<\/tbody>\n<\/table><figcaption class=\"wp-element-caption\">Table 1. Three Main Components of TCRI Manual Determination<\/figcaption><\/figure>\n<div>\n<p>Start Managing Your Corporate Credit Risk of Investment and Lending Today!<\/p>\n<div><strong><a href=\"https:\/\/www.tejwin.com\/en\/contact\/\">Contact Us<\/a><\/strong><\/div>\n<\/div>\n<h2 class=\"wp-block-heading\"><span id=\"TCRI_Validity_Examine\" class=\"ez-toc-section\"><\/span>TCRI Validity Examine<\/h2>\n<p class=\"wp-block-paragraph\">TCRI uses a quantitative model to generate basic and threshold levels, and then makes limited corrections through manual interpretation. Due to the inclusion of manual interpretation in the rating process, the TCRI focuses on four points:\u00a0<strong><mark class=\"has-inline-color has-vivid-cyan-blue-color\">accounting quality (A), industry outlook (I), operator risk appetite (M), and financial pressure (F).<\/mark><\/strong><\/p>\n<h3 class=\"wp-block-heading\"><span id=\"Warning_abilityDiscriminatory_power_ROC%3E90_or_above\" class=\"ez-toc-section\"><\/span><strong>Warning ability\/Discriminatory power (ROC)&gt;90% or above:<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">Overall ROC of the TCRI\u2122 in the past 10 years was 88%-97% and an average of 93%, which surpasses the standard of 70% in the Corporate Credit Rating Model Technical Manual.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-27828\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRI-warning-ability-1024x158.jpg\" alt=\"\" width=\"1024\" height=\"158\" \/><\/figure>\n<h3 class=\"wp-block-heading\"><span id=\"TCRI%E2%84%A2_default_rate_in_the_past_10_years\" class=\"ez-toc-section\"><\/span><strong>TCRI\u2122 default rate in the past 10 years:<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">The number of companies that default and default rate meet expectations. With a lower level (i.e., higher risk), the number of companies that default and the default rate increase.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-27826\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/tcri-past-10-years-1024x535.jpg\" alt=\"\" width=\"1024\" height=\"535\" \/><\/figure>\n<h3 class=\"wp-block-heading\"><span id=\"Stability_One-year_average_transition_matrix_of_TCRI%E2%84%A2_2000-2016\" class=\"ez-toc-section\"><\/span><strong>Stability: One-year average transition matrix of TCRI\u2122 (2000-2016)<\/strong><\/h3>\n<p class=\"wp-block-paragraph\">On average 70%-80% of levels are maintained for 1 year, which is near the standards of S&amp;P and Moody\u2019s. Also, the relatively high fluctuation of high-risk levels meets expectations.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-27830\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRI-one-year-transition-1024x440.jpg\" alt=\"\" width=\"1024\" height=\"440\" \/><\/figure>\n<h3 class=\"wp-block-heading\"><span id=\"TCRI%E2%84%A2_vs_Other_credit_rating_institutions\" class=\"ez-toc-section\"><\/span><strong>TCRI\u2122 v.s. Other credit rating institutions<\/strong><\/h3>\n<p class=\"wp-block-paragraph\"><mark class=\"has-inline-color has-vivid-cyan-blue-color\">TCRI\u2019s risk categories are consistent with those of external benchmarks.<\/mark>\u00a0TCRI\u2019s credit ratings are based on a quantitative model and manually assisted by a semi-expert process. The ratings are based on a combination of publicly available information (operating data, financial statements, etc.) of the companies evaluated, making the ratings more objective and independent.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-27853\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRI-vs-3-1024x469.jpg\" alt=\"\" width=\"1024\" height=\"469\" \/><\/figure>\n<h2 class=\"wp-block-heading\"><span id=\"Taiwan_Corporate_Credit_Risk_Index\" class=\"ez-toc-section\"><\/span>Taiwan Corporate Credit Risk Index<\/h2>\n<p class=\"wp-block-paragraph\"><mark class=\"has-inline-color\"><strong>TCRI\u2019s Corporate Credit Risk Index<\/strong><\/mark>\u00a0are based on a quantitative model coupled with a semi-expert program. According to the public information of the enterprise (financial accounting quality, industry outlook, risk appetite of the operators\u2026), we conduct a comprehensive credit risk assessment. With the independent, fair and verifiable evaluation method, it is generally trusted by the financial industry in Taiwan for investment and credit extension.<\/p>\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3e41869c wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75 has-custom-font-size\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\"><strong>Start Managing Your Corporate Credit Risk of Investment Today!<\/strong><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Preface In order to grow the business, the current busi [&hellip;]<\/p>\n","protected":false},"featured_media":0,"template":"","tags":[155,156],"product_category":[4],"class_list":["post-3382","product","type-product","status-publish","hentry","tag-credit-risk-solution","tag-tcri_taiwan-corporate-credit-risk-index","product_category-credit-risk-solution"],"acf":{"p_introduction":"<h2 class=\"wp-block-heading\">Preface<\/h2>\r\n<p class=\"wp-block-paragraph\">In order to grow the business, the current business operators are bolder than in the past, and the financial leverage is generally higher. With the development of technology, the life cycle of products has been shortened, price fluctuations and the frequent entry and exit of competitors have increased business risks. In addition, the development of the financial commodity market is booming, and the degree of participation by corporate operators has increased greatly. Therefore,\u00a0<span class=\"ek-underline\">in addition to financial operating information as a reference for corporate credit risk performance, changes in corporate management are also regarded as one of the clues to the future trend of corporate credit risk.<\/span><\/p>\r\n<p class=\"wp-block-paragraph\">Based on the market\u2019s emphasis on corporate credit risk assessment, TEJ\u2019s industrial research team developed the\u00a0<mark class=\"has-inline-color has-luminous-vivid-orange-color\"><strong>\u201cTCRI Taiwan Corporate Credit Risk Index\u201d<\/strong>\u00a0<\/mark>(hereinafter referred to as\u00a0<strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">TCRI<\/mark><\/strong>) in 1991, which is an open, transparent and highly differentiated credit rating system\u00a0<span class=\"ek-underline\">based on a quantitative model and supplemented by professional manual interpretation<\/span>. TCRI is widely recognized by most financial institutions for its\u00a0<strong><span class=\"ek-underline\">high differentiation ability, stability of volatility, and comparability with large international credit rating agencies<\/span><\/strong>. Currently, the TCRI has become an important reference index for over 90% of Taiwan\u2019s banking industry to measure credit risk in investment and lending.<\/p>\r\n\r\n<h2 class=\"wp-block-heading\"><span id=\"TCRI_Rating_Scope_and_Features\" class=\"ez-toc-section\"><\/span>TCRI Rating Scope and Features<\/h2>\r\n<p class=\"wp-block-paragraph\">We adopt\u00a0<mark class=\"has-inline-color has-vivid-cyan-blue-color\"><strong>proactive ratings<\/strong><\/mark>\u00a0to keep an eye on the latest corporate developments and adjust credit risk ratings<\/p>\r\n\r\n<ul class=\"wp-block-list\">\r\n \t<li>Uses public information as the basis; the information is public, complete, verifiable, and is not guided by companies.<\/li>\r\n \t<li>The scope of rating covers the majority of public companies, and the scope is much\u00a0wider than any other domestic rating institution.<\/li>\r\n<\/ul>\r\n<p class=\"wp-block-paragraph\">Recognized as\u00a0<strong><mark class=\"has-inline-color has-vivid-cyan-blue-color\">the most representative credit risk index<\/mark><\/strong>\u00a0by domestic academic and research institutions.<\/p>\r\n\r\n<ul class=\"wp-block-list\">\r\n \t<li>TCRI\u2122 is the main index adopted by banks when making lending decisions and has over 90% share in\u00a0the domestic banking market.<\/li>\r\n \t<li>An important basis for securities firms to make investments.<\/li>\r\n \t<li>Recognized as the most representative credit risk index by domestic academic and research institutions.<\/li>\r\n<\/ul>\r\n<p class=\"wp-block-paragraph\">The effectiveness of\u00a0<strong><mark class=\"has-inline-color has-vivid-cyan-blue-color\">TCRI\u2122 rating results is periodically validated<\/mark><\/strong>.<\/p>\r\n\r\n<ul class=\"wp-block-list\">\r\n \t<li>Warning Ability: the\u00a0discriminatory power and default rate validate\u00a0whether or not the rating system can effectively distinguish between companies with different credit risks.<\/li>\r\n \t<li>Stability: deviation\u00a0of rating results are examined for mid-term and long-term lending and investment decisions.<\/li>\r\n<\/ul>\r\n<h2 class=\"wp-block-heading\"><span id=\"TCRI%E2%84%A2_Rating_Method_and_Procedure\" class=\"ez-toc-section\"><\/span><strong>TCRI\u2122 Rating Method and Procedure<\/strong><\/h2>\r\n<p class=\"wp-block-paragraph\">TCRI is a semi-expert model to evaluate Public Companies. The methodology is transparent, and discriminatory, financial industry take this rating as a reference for investment and credit granting.<\/p>\r\n\r\n<h3 class=\"wp-block-heading\"><span id=\"TCRI_Rating_method_and_procedure\" class=\"ez-toc-section\"><\/span>TCRI Rating method and procedure<\/h3>\r\n<p class=\"wp-block-paragraph\">The semi-expert model is mainly used based on a quantitative model and supported by manual determination. It is divided into three steps.<\/p>\r\n\r\n<figure class=\"wp-block-image caption-align-center\"><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRIE8A995E7AD89E696B9E6B395E88887E7A88BE5BA8F_E88BB1E69687.jpg\" alt=\"TCRI\" \/><figcaption class=\"wp-element-caption\">Figure 1. TCRI Rating method and procedure<\/figcaption><\/figure>\r\n<h2 class=\"wp-block-heading\"><span id=\"The_Meanings_of_TCRI%E2%84%A2_Rating\" class=\"ez-toc-section\"><\/span><strong>The Meanings of TCRI\u2122 Rating<\/strong><\/h2>\r\n<p class=\"wp-block-paragraph\">The rating is divided into 1-9 levels, with low risk (1-4), medium risk (5-6), and high risk (7-9), and when the company is in default, it is labeled as D (Default).<\/p>\r\n\r\n<figure class=\"wp-block-image is-resized caption-align-center\"><img src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRIE7AD89E7B49A_E88BB1E69687.jpg\" alt=\"TCRI\" \/><figcaption class=\"wp-element-caption\">Figure 2. The Meanings of TCRI\u2122 Rating<\/figcaption><\/figure>\r\n<h2 class=\"wp-block-heading\"><span id=\"Manual_Determination\" class=\"ez-toc-section\"><\/span><strong>Manual Determination<\/strong><\/h2>\r\n<p class=\"wp-block-paragraph\">Manual determination mainly includes the following three aspects:<\/p>\r\n\r\n<figure class=\"wp-block-table caption-align-center is-style-regular\">\r\n<table>\r\n<thead>\r\n<tr>\r\n<th><strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">A\uff1a Accounting Information<\/mark><\/strong><\/th>\r\n<th><strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">I \uff1aIndustry Prospective<\/mark><\/strong><\/th>\r\n<th><strong><mark class=\"has-inline-color has-luminous-vivid-orange-color\">M \uff1aManagement Risk<\/mark><\/strong><\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr>\r\n<td>Verify the reasonableness of accounting estimates (accounting analysis and quality of financial statements; financial analysis).<\/td>\r\n<td>Consider the macroeconomic environment and industry trends, including the company\u2019s competitive position in the industry.<\/td>\r\n<td>Evaluate changes in management, shareholding structure, investment strategy, and risk preferences.<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<figcaption class=\"wp-element-caption\">Table 1. Three Main Components of TCRI Manual Determination<\/figcaption><\/figure>\r\n<div>\r\n\r\nStart Managing Your Corporate Credit Risk of Investment and Lending Today!\r\n<div><strong><a href=\"https:\/\/www.tejwin.com\/en\/contact\/\">Contact Us<\/a><\/strong><\/div>\r\n<\/div>\r\n<h2 class=\"wp-block-heading\"><span id=\"TCRI_Validity_Examine\" class=\"ez-toc-section\"><\/span>TCRI Validity Examine<\/h2>\r\n<p class=\"wp-block-paragraph\">TCRI uses a quantitative model to generate basic and threshold levels, and then makes limited corrections through manual interpretation. Due to the inclusion of manual interpretation in the rating process, the TCRI focuses on four points:\u00a0<strong><mark class=\"has-inline-color has-vivid-cyan-blue-color\">accounting quality (A), industry outlook (I), operator risk appetite (M), and financial pressure (F).<\/mark><\/strong><\/p>\r\n\r\n<h3 class=\"wp-block-heading\"><span id=\"Warning_abilityDiscriminatory_power_ROC%3E90_or_above\" class=\"ez-toc-section\"><\/span><strong>Warning ability\/Discriminatory power (ROC)&gt;90% or above:<\/strong><\/h3>\r\n<p class=\"wp-block-paragraph\">Overall ROC of the TCRI\u2122 in the past 10 years was 88%-97% and an average of 93%, which surpasses the standard of 70% in the Corporate Credit Rating Model Technical Manual.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-27828\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRI-warning-ability-1024x158.jpg\" alt=\"\" width=\"1024\" height=\"158\" \/><\/figure>\r\n<h3 class=\"wp-block-heading\"><span id=\"TCRI%E2%84%A2_default_rate_in_the_past_10_years\" class=\"ez-toc-section\"><\/span><strong>TCRI\u2122 default rate in the past 10 years:<\/strong><\/h3>\r\n<p class=\"wp-block-paragraph\">The number of companies that default and default rate meet expectations. With a lower level (i.e., higher risk), the number of companies that default and the default rate increase.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-27826\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/tcri-past-10-years-1024x535.jpg\" alt=\"\" width=\"1024\" height=\"535\" \/><\/figure>\r\n<h3 class=\"wp-block-heading\"><span id=\"Stability_One-year_average_transition_matrix_of_TCRI%E2%84%A2_2000-2016\" class=\"ez-toc-section\"><\/span><strong>Stability: One-year average transition matrix of TCRI\u2122 (2000-2016)<\/strong><\/h3>\r\n<p class=\"wp-block-paragraph\">On average 70%-80% of levels are maintained for 1 year, which is near the standards of S&amp;P and Moody\u2019s. Also, the relatively high fluctuation of high-risk levels meets expectations.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-27830\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRI-one-year-transition-1024x440.jpg\" alt=\"\" width=\"1024\" height=\"440\" \/><\/figure>\r\n<h3 class=\"wp-block-heading\"><span id=\"TCRI%E2%84%A2_vs_Other_credit_rating_institutions\" class=\"ez-toc-section\"><\/span><strong>TCRI\u2122 v.s. Other credit rating institutions<\/strong><\/h3>\r\n<p class=\"wp-block-paragraph\"><mark class=\"has-inline-color has-vivid-cyan-blue-color\">TCRI\u2019s risk categories are consistent with those of external benchmarks.<\/mark>\u00a0TCRI\u2019s credit ratings are based on a quantitative model and manually assisted by a semi-expert process. The ratings are based on a combination of publicly available information (operating data, financial statements, etc.) of the companies evaluated, making the ratings more objective and independent.<\/p>\r\n\r\n<figure class=\"wp-block-image size-large\"><img class=\"wp-image-27853\" src=\"https:\/\/www.tejwin.com\/wp-content\/uploads\/TCRI-vs-3-1024x469.jpg\" alt=\"\" width=\"1024\" height=\"469\" \/><\/figure>\r\n<h2 class=\"wp-block-heading\"><span id=\"Taiwan_Corporate_Credit_Risk_Index\" class=\"ez-toc-section\"><\/span>Taiwan Corporate Credit Risk Index<\/h2>\r\n<p class=\"wp-block-paragraph\"><mark class=\"has-inline-color\"><strong>TCRI\u2019s Corporate Credit Risk Index<\/strong><\/mark>\u00a0are based on a quantitative model coupled with a semi-expert program. According to the public information of the enterprise (financial accounting quality, industry outlook, risk appetite of the operators\u2026), we conduct a comprehensive credit risk assessment. With the independent, fair and verifiable evaluation method, it is generally trusted by the financial industry in Taiwan for investment and credit extension.<\/p>\r\n\r\n<div class=\"wp-block-spacer\" aria-hidden=\"true\"><\/div>\r\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-3e41869c wp-block-buttons-is-layout-flex\">\r\n<div class=\"wp-block-button has-custom-width wp-block-button__width-75 has-custom-font-size\"><a class=\"wp-block-button__link has-background wp-element-button\" href=\"https:\/\/www.tejwin.com\/en\/contact\/\"><strong>Start Managing Your Corporate Credit Risk of Investment Today!<\/strong><\/a><\/div>\r\n<\/div>","card_icon":"","card_summary":"","key_data_metrics":null,"data_information":"TCRI Taiwan Corporate Credit Risk Index combines quantitative modeling and expert analysis to evaluate corporate credit risk, serving as the benchmark index for over 90% of Taiwanese banks.","delivery_methods":null,"doc_file":"","related_products":"","related_more_text":"View all","related_more_url":"\/en\/product-services\/"},"_links":{"self":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product\/3382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product"}],"about":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/types\/product"}],"wp:attachment":[{"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/media?parent=3382"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/tags?post=3382"},{"taxonomy":"product_category","embeddable":true,"href":"https:\/\/www.tejwin.com\/en\/wp-json\/wp\/v2\/product_category?post=3382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}