Credit assessment

home Open Management Investment Information Finance/stock Financial information Credit assessment

Credit assessment

Credit assessment
Date evaluated Securities subject to evaluation Credit rating Credit rating company Evaluation outcome
2020 International credit rating A1 Moody’s Annual evaluation
A+ Fitch Annual evaluation
Corporate bonds AAA Korea Ratings Corporation
NICE Investors Service 		Main evaluation, Periodic evaluation
Commercial paper A1 Korea Ratings Corporation
NICE Investors Service 		Main evaluation, Periodic evaluation
2019 International credit rating A1 Moody’s Annual evaluation
A+ Fitch Annual evaluation
Corporate bonds AAA Korea Ratings Corporation
NICE Investors Service 		Main evaluation, Periodic evaluation
Commercial paper A1 Korea Ratings Corporation
NICE Investors Service 		Main evaluation, Periodic evaluation
2018 International credit rating A1 Moody’s Annual evaluation
A Fitch Annual evaluation
Corporate bonds AAA Korea Ratings Corporation
NICE Investors Service 		Main evaluation, Periodic evaluation
Commercial paper A1 Korea Ratings Corporation
NICE Investors Service 		Main evaluation, Periodic evaluation

[Note 1] Issuer credit rating and bond credit rating

[Note 1] Issuer credit rating and bond credit rating
Category Description
Investment grade AAA Best certainty of payment of principal and interest
AA Although the certainty of payment of principal and interest is very high, it is slightly lower than AAA grade.
A Although the certainty of payment of principal and interest is high, it may be affected slightly by changes in the environment.
BBB Although the certainty of payment of principal and interest is high, it may be affected by changes in the environment.
Speculation grade BB Although the company has no problems with the payment of principal and interest, its future stability includes speculative factors.
B It is speculative as the company has insufficient ability to repay the principal and interest.
CCC The company carries risk of debt default.
CC The company is highly likely to default on its debt.
C The company is extremely likely to default on its debt.
D The company is in default status.

Note) For grades AA to B, + or - signs are added to indicate superiority and inferiority within a grade.

[Note 2] Credit grade of commercial paper

[Note 2] Credit grade of commercial paper
Category Description
Investment grade A1 Best ability to repay in a timely manner
A2 Timely repayment ability is excellent but inferior to A1
A3 Although timely repayment ability is solid, it may be affected slightly by changes in the environment.
Speculation grade B Although timely repayment ability is recognized, it implies speculative factors.
C Timely repayment ability is questionable.
D The company is insolvent.

Note) For grades A2, A3, and B, + or - signs are added to indicate superiority and inferiority within a grade.

[Note 3] Global credit rating system

[Note 3] Global credit rating system
Category Description
Moody’s S&P/Fitch
Aaa AAA Credit rating is very high
Aa1 AA+ Credit rating is high
Aa2 AA
Aa3 AA-
A1 A+ Although the credit rating is high, the ability to fulfill financial obligations may deteriorate in exceptional cases.
A2 A
A3 A-
Baa1 BBB+ Although the credit rating is good, the ability to fulfill financial obligations may deteriorate in future adverse economic conditions.
Baa2 BBB
Baa3 BBB-
Ba1 BB+ Although the company is able to fulfill financial obligations in the near future, such ability to fulfill financial obligations may deteriorate in adverse conditions.
Ba2 BB
Ba3 BB-
Top