Financial Information

Credit Rating

Korea Ratings Co., Ltd. 
Nice Investors Service Co., Ltd.
Credit RatingAA

The last assessment of credit rating conducted on September 1, 2015.

Rating of Corporate Bonds

There are 10 rating categories from AAA to D for credit ratings.

Rating of Corporate Bonds - Rating, Definition
Rating Definition
Rating AAA Definition Obligor's capacity to meet financial commitments is exceptionally strong and highly unlikely to be adversely affected by foreseeable changes in circumstances and economic conditions. Credit risk regarding the obligor is extremely low.
Rating AA Definition Obligor's capacity to meet financial commitments is very strong but somewhat less than AAA, and is not significantly vulnerable to foreseeable changes in circumstances and economic conditions.Credit risk regarding the obligor is very low.
Rating A Definition Obligor's capacity to meet financial commitments is strong, but more vulnerable to foreseeable changes in circumstances and economic conditions than obligors in the higher-rated categories.
Rating BBB Definition Obligor's capacity to meet financial commitments is adequate but adverse economic conditions or changes circumstances are more likely to weaken the obligor's capacity to meet its financial commitments.
Rating BB Definition Obligor's capacity to meet financial commitments may be moderate but has speculative characteristics. Adverse economic conditions or changing circumstances could lead to obligor's inadequate capacity to meet its financial commitments. Credit risk regarding the obligor is moderate.
Rating B Definition Obligor's capacity to meet financial commitments is weak and has speculative characteristics. The obligor is contingent upon a sustained and favorable circumstances and economic conditions.
Rating CCC Definition Obligor's capacity to meet financial commitments is currently vulnerable, and may contain possibility of default.
Rating CC Definition 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.
Rating C Definition Obligor's capacity to meet financial commitments is currently highly vulnerable and the obligor is regarded to have little chance of recovery.
Rating D Definition 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.