The Status and History of Credit Rating
The status of domestic & overseas credit rating
| Domestic Credit Rating(Long-term) | Overseas Credit Rating(Long-term Foreign Currency) | ||||
|---|---|---|---|---|---|
| Agency | KOREA RATING(KR) |
KOREA INVESTORS SERVICE (KIS) | National Information & Credit Evaluation (NICE) | Moody's | Fitch |
| Rating Grade | AAA | AAA | AAA | Aa2 | AA- |
| Outlook | Stable | Stable | Stable | Stable | Stable |
The history of domestic credit rating
| KR | KIS | NICE | Remark | |
| Initial Rating | AAA('01.10.11) | AAA('01.10.19) | AAA('04.03.10) | |
| Final Rating | AAA('24.05.07) | AAA('24.05.07) | AAA('24.05.07) |
The history of overseas credit rating
| Rating Date | Moody's | S&P | Fitch | Remark |
|---|---|---|---|---|
| January 30, 2020 | Aa2(Stable) | AA-(Stable) | ||
| August 08, 2016 | AA(Stable) | Upgrade | ||
| December 21, 2015 | Aa2(Stable) | Upgrade | ||
| October 30, 2015 | AA-(Stable) | Upgrade | ||
| April 13, 2015 | Aa3(Positive) | Outlook change | ||
| October 15, 2014 | A+(Stable) | |||
| August 28, 2014 | Aa3(Stable) | Upgrade | ||
| July 04, 2013 | AA-(Stable) | Upgrade | ||
| September 17, 2012 | A+(Stable) | Upgrade | ||
| November 08, 2011 | A+(Positive) | Outlook change | ||
| April 19, 2010 | A+(Stable) | |||
| April 14, 2010 | A1(Stable) | Upgrade | ||
| September 02, 2009 | A+(Stable) | Outlook change | ||
| March 25, 2009 | A2(stable) | Downgrade | ||
| January 30, 2009 | A+(Negative) | Upgrade | ||
| December 11, 2008 | A(Stable) | Upgrade | ||
| May 25, 2006 | A1(Stable) | Upgrade | ||
| April 27, 2006 | A2(Positive) | Outlook change | ||
| September 07, 2005 | A-(Stable) | Initial Rating | ||
| May 25, 2005 | A2(Stable) | Upgrade | ||
| June 30, 2004 | A3(Stable) | Upgrade | ||
| March 30, 2004 | A-(Stable) | Upgrade | ||
| July 03, 2003 | BBB+(Positive) | Outlook change | ||
| Feb 21, 2003 | A3(Negative) | Initial Rating | ||
| September 17, 2002 | BBB+(Stable) | Initial Rating |
Credit Grade Level
Credit Grade
| Moody's | S&P | Description | |
| Investment Grade | Aaa | AAA | Extremely strong financial commitment and the lowest risk of investment |
| Aa1 | AA+ | Very strong financial commitment and higher risk of investment than AAA rating | |
| Aa2 | AA | ||
| Aa3 | AA- | ||
| A1 | A+ | Somewhat more susceptible to the adverse effects of changes in circumstances and economic conditions. However, the ability of payment is still strong. | |
| A2 | A | ||
| A3 | A- | ||
| Baa1 | BBB+ | Adequate protection parameters. In spite of the present stabilty, it might be vulnerable to payment in a long term. | |
| Baa2 | BBB | ||
| Baa3 | BBB- | ||
| Speculative Grade | Ba1 | BB+ | More likely to have speculative characteristics. It is vulnerable to nonpayment in a long term. |
| Ba2 | BB | ||
| Ba3 | BB- | ||
| B1 | B+ | Having significant speculative characteristics. It is vulnerable to nonpayment in a long term | |
| B2 | B | ||
| B3 | B- | ||
| Caa | CCC | Suceptible to bankruptcy | |
| Ca | CC | Significantly likely to be bankrupt | |
| C | C | The lowest condition for investment |
The grades of Fitch & Domestic Credit Agency is same with that of S&P
Outlook
| Description | |
| Positive | a rating may be raised |
| Negative | a rating may be lowered |
| Stable | a rating is not likely to change |
| Developing | a rating may be raised or lowered |
| N.M | not meaningful |
