Financial Information
Short-Term Rating
(Commercial Paper)
Korea Investors Service
2023.12.27
A2
NICE Investors Service
2023.10.13
A2
Definition of Commercial Paper
Credit Ratings
Commercial paper credit ratings are categorized into six levels, from A1 to D, based on creditworthiness. A plus or minus sign is added to ratings from A2 to B to indicate relative ranking within each grade.
| 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 | Under situation of unfulfillment of obligatory debt repayment | |
Short-Term Rating
(Corporate Bond)
Korea Investors Service
2023.12.27
A
Korea Ratings
2023.10.13
A
NICE Investors Service
2023.10.13
A
Definition of Corporate Bond
Credit Ratings
Corporate bond credit ratings consist of ten categories from AAA to D depending on creditworthiness. Ratings AA to B have a plus or minus sign to show relative standing within the rating category.
| Rating | Definition | |
|---|---|---|
| Investment Grade |
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 somewhat more susceptible to external changes than in superior grades | |
| 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 | |
| Speculative Grade |
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 principle amount payment and very speculative outlook due to possibility of unfulfillment of obligatory debt | |
| 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 | |