Domestic
Type | Rating | Rating Agency | Rating date |
---|---|---|---|
Corporate Bond Rating | AA | Korea Ratings | May 09, 2024 |
AA | NICE Investors Service | May 13, 2024 |
International
Type | Rating | Rating Agency | Rating date |
---|---|---|---|
Issuer Credit Rating | BBB+ | S&P | Oct 07, 2024 |
Baa1 | Moody's | Mar 05, 2024 |
Domestic Credit Rating Definitions
Rating | Definitions | Remarks |
---|---|---|
AAA | Capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances. | Investment Grade |
AA | Capacity for payment of financial commitments is very strong, and is unlikely to be affected by foreseeable future changes in circumstances. | |
A | Capacity for payment of financial commitments is strong, but somewhat vulnerable to adverse economic conditions or changes in circumstances. | |
BBB | Capacity for payment of financial commitments is adequate, but more likely to be impaired by adverse economic conditions or changes in circumstances. | |
BB | Capacity for payment of financial commitments may be moderate, but has speculative characteristics. | Speculative Grade |
B | Capacity for payment of financial commitments is weak and speculative, and its future stability is uncertain. | |
CCC | Capacity for payment of financial commitments is subject to default risk, and as such possesses highly speculative characteristics. | |
CC | Capacity for payment of financial commitments contains high possibility of default, and is more vulnerable to adverse economic conditions or changing circumstances than higher ratings. | |
C | Capacity for payment of financial commitments contains extremely high possibility of default, with little chance of recovery. | |
D | Payment default on financial commitments. |
International Credit Rating Definitions
Rating | Definitions | Remarks | |
---|---|---|---|
Moody’s | S&P | ||
Aaa | AAA | Judged to be of the highest quality with minimal risk. The obligor's capacity to meet its financial commitments on the obligatoin is extremely strong. |
Investment Grade |
Aa | AA | Judged to be of high quality and is subjected to very low credit risk. The obligor's capacity to meet its financial commitments on the obligation is very strong. |
|
A | A | Somewhat susceptible to the adverse effects of changes in circumstances and economic conditions but is subject to low credit risk. The obligor's capacity to meet its financial commitments on the obligation is still strong. | |
Baa | BBB | Considered as medium-grade and is subjected to moderate credit risk. Adverse economic conditions or changing circumstances are more likely to weaken the obligor's capacity to meet its financial commitments on the obligation. | |
Ba | BB | Judged to have speculative elements and is subjected to substantial credit risk. Major ongoing uncertainties or exposure to adverse business, financial, or economic conditions could lead the obligor's capacity inadequate to meet its financial commitments on the obligation. |
Speculative Grade |
B | B | Considered speculative and is subjected to high credit risk, but the obligor currently has the capacity to meet its financial commitments on the obligation. Adverse business, financial, or economic conditions will likely impair the obligor's capacity or willingness to meet its financial commitments on the obligation. | |
Caa | CCC | Judged to be of poor standing and is subjected to very high credit risk. In the event of adverse business, financial, or economic conditions, the obligor is not likely to have the capacity to meet its financial commitments on the obligation. | |
Ca | CC | Highly speculative and is likely in, or very near, default, with some prospect of recovery in principal and interest. | |
C | C | Highly vulnerable to nonpayment, and is expected to have lower relative seniority or lower ultimate recovery compared with obligations that are rated higher. | |
- | D | In default or in breach of an imputed promise. |