Fitch rates ET Internet BBB(twn)

Fitch Ratings said it assigned ET Internet Technology Corp. a national long-term rating of BBB(twn). The outlook is stable.

Fitch said the rating takes into account ET Internet's dominant position in Taiwan's silo market, the fact that its exposure to volatile global demand for bulk cargo shipments is similar to its peers and the rising contribution to its cash flow from acting as a purchasing agent for the Eastern Home Shopping Network.

The rating also considers the company's low financial leverage and very limited funding requirements, according to Fitch.

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