Credit Ratings
| Category | Rating Agency | Current Rating | Last Evaluation Date |
|---|---|---|---|
| Bond | NICE | AA- | 15 July, 2019 |
| KR | AA- | 15 July, 2019 | |
| KIS | AA- | 30 May, 2019 |
※ KIS : Korea Investors Service Inc.
※ NICE : National Information & Credit Evaluation Inc.
※ KR : Korea Ratings Corporation
Bond Rating Definitions
Bond rating refers to the evaluation of timely debt service capability of the bonds, which are issued to meet the mid- to long-term funding needs including facility funds (such as unsecured bonds, financial debentures, secured bonds, and other special bonds). The rating focuses on the examination of the mid-to-long-term outlook of issuer and various factors to influence the outlook.
| Rating | Rating Definition |
|---|---|
| AAA | Capacity to pay and repay principal is extremely strong. |
| AA | Capacity to pay and repay principal is very strong, but somewhat less than 'AAA'. |
| A | Capacity to pay and repay principal is strong, but it is somewhat susceptible to external changes in the future. |
| BBB | Capacity to pay and repay principal is adequate, but more likely to be weakened by future market changes. |
| BB | Capacity to pay and repay principal faces no immediate problems, but its future stability is speculative. |
| B | Capacity to pay and repay principal is poor. It is speculative. |
| CCC | It may contain the possibility of default. |
| CC | It may contain more possibility of default. |
| C | Default is highly likely. |
| D | In Default as of present time. |
※ The ratings from 'AA' to 'BB' may be modified by the addition of a plus(+) or minus (-) sign to show relative standing within the major rating categories.
※ The ratings from 'AAA' to 'BBB are considered investment-graded having more than adequate timely debt service capability, while the ratings below 'BB' are considered to contain speculative characteristics whose timely debt service capability is very susceptible to market changes.