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  1. INVESTOR RELATIONS
  2. Financial Information
  3. Credit Rating

Credit Rating homeINVESTOR RELATIONS

Korean Credit Rating

Korean Credit Rating - Commercial paper, Corporate Bond, 2014, 2015, 2016, 2017, 2018
Subject 2014 2015 2016 2017 2018
Commercial paper A1 A1 A1 A1 A1
Corporate Bond AA+ AA+ AA+ AA+ AA+

※ Credit rating for 2014 only show results for pre-merger Cheil Industries.

Korean credit rating definition
Commercial paper
Rating Definition
Commercial
paper
A1 The ability to repay at the right time is at the highest level and its stability is high enough not to be affected by environmental changes in the reasonably predictable future
A2 The ability for repayment of borrowings on time remains high, but the stability is somewhat inferior to A1
A3 The ability for repayment of borrowings on time remains good, but the stability may be affected by an abrupt change in environment
B The ability for repayment of borrowings on time maintains a reasonable level, but the stability is vulnerable to a change in environment. Thus, there is a speculative factor
C The ability for repayment of borrowings and the stability remain volatile. Thus, there is a strong speculative factor
D At present, the company is unable to pay its debts
Corporate Bond AAA The overall repayment ability is at the highest level and the investment risk is extremely low. It is stable enough not to be affected by any environmental changes in the reasonably predictable future from the current state
AA The investment risk is very low with extremely high overall repayment ability, but there are some inferior elements compared to the AAA grade
A The investment risk is low with high overall repayment ability, but there is a possibility of being affected by abrupt environmental changes in the future
BBB The overall repayment ability is satisfactory, but there is a possibility of decreased overall repayment ability from environmental changes in the future
BB There are no immediate problems in the overall repayment ability, but there are speculative elements in stability in the future
B Due to insufficient overall repayment ability, it is speculative and stability in the future cannot be decided in the current state
CCC Obligor's capacity to meet financial commitments is currently vulnerable, and may contain possibility of default
CC Obligor's capacity to meet financial commitments is currently highly vulnerable and is more susceptible to adverse economic conditions or changing circumstances than higher ratings
C Obligor's capacity to meet financial commitments is currently highly vulnerable and the obligor is regarded to have little chance of recovery
D All financial obligations of an issuer are considered in default

The ratings from AA to CCC in long-term credit ratings may be modified by the addition of a plus (+) or minus (-) to show relative standing within the major rating categories.

International Credit Rating

International Credit Rating - Evaluation company, Short-term, Long-term, 2014, 2015, 2016, 2017, 2018
Subject Evaluation company 2014 2015 2016 2017 2018
Short-term R&I (JAPAN)
Rating and Investment Information
a-2 a-1 a-1 a-1 a-1
Long-term BBB+ A- A- A- A-

※ Credit rating for 2014 only show results for pre-merger Samsung C&T.

International credit rating definition
Short-term Debts
Rating Definition
Short-term
Debts
a-1 Certainty of the fulfillment of a short-term obligation is high
a-2 Certainty of the fulfillment of a short-term obligation is high, though some factors require attention
a-3 Certainty of the fulfillment of a short-term obligation is sufficient for the time being, though some factors require attention in times of major environmental changes
b Certainty of the fulfillment of a short-term obligation is not equal to that of a short-term obligation rated in the 'a' categories and some factors require attention
c The lowest rating. A short-term obligation is in default or is highly likely to default
Issuer
Rating
AAA Highest creditworthiness supported by many excellent factors
AA Very high creditworthiness supported by some excellent factors
A High creditworthiness supported by a few excellent factors
BBB Creditworthiness is sufficient, though some factors require attention in times of major environmental changes
BB Creditworthiness is sufficient for the time being, though some factors require due attention in times of environmental changes
B Creditworthiness is questionable and some factors require constant attention
CCC Creditworthiness is highly questionable and a financial obligation of an issuer is likely to default
CC All of the financial obligations of an issuer are likely to default
D R&I believes that all of the financial obligations of an issuer are in default

A plus (+) or minus (-) sign may be appended to the categories from AA to CCC to indicate relative standing within each rating category.

Related Information