Credit Ratings
We believe in the value of reliable appraisal
Domestic/Overseas Ratings
| Date | Rating |
|---|---|
| 2002.02.01 | A |
| 2003.06.03 | A+ |
| 2004.09.07 | AA- |
| 2010.03.15 | AA |
| 2012.04.19 | AA+ |
| 2019.11.27 | AA |
| 2023.03.30 | AA+ |
| 2024.11.01 | AAA |
Domestic Credit Rating Definition
| 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 |
Ovearseas Credit Rating Definition
| Moody’s | S&P / Fitch’s | Definition | |
|---|---|---|---|
| Eligible Investment Ratings |
Aaa | AAA | Exceptional credit quality and lowest expectation of investment risk |
| Aa1 | AA+ | Excellent credit quality and very low expectation of investment risk | |
| Aa2 | AA | ||
| Aa3 | AA- | ||
| A1 | A+ | Good credit quality and currently low expectation of investment risk | |
| A2 | A | ||
| A3 | A- | ||
| Baa1 | BBB+ | Adequate credit quality and currently low expectation of investment risk | |
| Baa2 | BBB | ||
| Baa3 | BBB- | ||
| Ineligible Investment Ratings |
Ba1 | BB+ | Questionable credit quality and possibility of investment risk developing |
| Ba2 | BB | ||
| Ba3 | BB- | ||
| B1 | B+ | Generally poor credit quality and investment risk exist | |
| B2 | B | ||
| B3 | B- | ||
| Caaa1 | CCC+ | Extremely poor credit quality and currently perceived possibility of default | |
| Caa2 | CCC | ||
| Caa3 | CCC- | ||
| Ca | CC | ||
| C | C | ||
| - | D | Default |