Operational Performance Update Amid COVID-19

S&P revised rating outlook to stable CHINA AIRLINES BOEING Rating Organization Long-Term Rating Outlook Rating Date Taiwan Ratings twBBB+ Stable 2021/10/28 Taiwan Ratings twBBB+ Negative 2020/3/16 Taiwan twBBB+ Stable 2019/10/30 Ratings | CAL is the first airline that received revised rating outlook to stable in Asia CHINA AIRLINES 中學信用評等 Taiwan Ratings An S&P Global Company 31

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