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Credit Ratings

Corporate bond

Assessment institution Non-guaranteed List
Evaluation agency Corporate bond
Korea Rating -
Nice Rating -
Korea Investors Service -

※ Dated : December 31. 2017

Rating Definition

※ A modifier "+", or "-" is appended to the ratings from AA to CCC according to the relative merits within each rating.

Non-guaranteed Rating Definition List
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 payment 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 unfulfilled obligatory debt repayment.
CC More insecure compared to superior grades.
C High possibility of unfulfilled obligatory debt repayment and no ability of principle amount payment.
D Under situation of unfulfilled obligatory debt repayment and bankruptcy.

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