Financial Highlights and Credit Ratings
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Financial Information
Financial Highlights
Financial Highlights
Domestic Credit Ratings
Global |
---|
Moody's
A3
Fitch
A-
S&P
A-
|
Domestic |
---|
Korea Investors Service
AA+
NICE
AAA
Korea Ratings
AA+
|
※ The domestic credit rating agencies only evaluate corporate bonds, not corporate credit ratings.
Credit rating
Moody's | Fitch | S&P | Definition |
---|---|---|---|
Aaa | AAA | AAA | Exceptional credit quality and lowest expectation of investment risk |
Aa1 | AA+ | AA+ | Excellent credit quality and very low expectation of investment risk |
Aa2 | AA | AA | |
Aa3 | AA- | AA- | |
A1 | A+ | A+ | Good credit quality and currently low expectation of investment risk |
A2 | A | A | |
A3 | A- | A- | |
Baa1 | BBB+ | BBB+ | Adequate credit quality and currently low expectation of investment risk |
Baa2 | BBB | BBB | |
Baa3 | BBB- | BBB- |
Moody's | Fitch | S&P | Definition |
---|---|---|---|
Ba1 | BB+ | BB+ | Questionable credit quality and possibility of investment risk developing |
Ba2 | BB | BB | |
Ba3 | BB- | BB- | |
B1 | B+ | B+ | Generally poor credit quality and investment risk exist |
B2 | B | B | |
Ba3 | B- | B- | |
Caa1 | CCC+ | CCC+ | Extremely poor credit quality and currently perceived possibility of default |
Caa2 | CCC | CCC | |
Caa3 | CCC- | CCC- | |
Ca | CC | CC | |
C | C | - | |
- | RD | - | Restricted Default |
- | - | SD | Selective Default |
- | D | D | Default |
Rating | Definition |
---|---|
AAA | Principle amount payment ability is the best |
AA | Principle amount payment ability is very outstanding but inferior to AAA to some extent |
A | Principle amount payment ability is outstanding but a potential drop of efficiency exists in future principle amount |
BBB | Principle amount payment ability is satisfactory but a potential drop of efficiency exists in future principle amount payment ability depending on economic circumstances and aggravation of surrounding situations |
BB | No current problem exists regarding principle amount payment, but potential speculative factors exist regarding future stability of repayment ability |
B | Speculative outlook due to lack of principle amount payment ability and interest payment is uncertain in case of economic slump |
CCC | Insecure state regarding currently insecure principle amount payment and very speculative outlook due to possibility of unfulfillment of obligatory debt repayment |
CC | More insecure compared to superior grades |
C | High possibility of unfulfillment of obligatory debt repayment and no ability of principle amount payment |
D | Under situation of unfulfillment of obligatory debt repayment and bankruptcy |
※ Ratings from AA to CCC may be modified by the addition of a plus(+) or minus(-) sign to show relative standing within the rating categories.
Rating | Rating | Definition |
---|---|---|
Investment Grade | A1 | The ability of repayment on proper time is the best and stability of repayment ability is the best |
A2 | The ability of repayment on proper time is outstanding, but stability is inferior to A1 to some extent | |
A3 | The ability of repayment on proper time is satisfactory, but stability is inferior to A2 to some extent | |
Speculative Grade | B | The ability of repayment on proper time is proper, but potential speculative factors exist in the stability depending on short-term changes in circumstances |
C | Various speculative factors exist in the ability of repayment on proper time and stability of repayment ability | |
D | Incapable of repayment |