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Credit Ratings

Overseas

Overseas Assessment institution Commercial paper List
Evaluation agency Corporate bond
Moody’s Baa1(Negative)
Standard & Poor’s BBB+(Stable)

※ Dated : November 5. 2018

Rating Definition

Commercial paper Credit rating List
Rating Evaluation agency Definition
Moody's S&P
Eligible Investment Ratings Aaa AAA Exceptional credit quality and lowest expectation of investment risk
Aa1 AA+ Excellent credit quality and very low expectation of investment risk
Aa2 AA   
Aa3 AA-  
A1 A+ Good credit quality and currently low expectation of investment risk
A2  
A3 A-  
Baa1 BBB+ Adequate credit quality and currently low expectation of investment risk
Baa2 BBB+  
Baa3 BBB-  
Ineligible Investment Ratings Ba1 BB+ Questionable credit quality and possibility of investment risk developing
Ba2 BB   
Ba3 BB-  
B1 B+ Generally poor credit quality and investment risk exist
B2  
B3 B-  
Caa1 CCC+ Extremely poor credit quality and currently perceived possibility of default
Caa2 CCC   
Caa3 CCC-  
Ca CC  
C C  

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