Credit Ratings


Overseas Assessment institution Commercial paper List
Evaluation agency Corporate bond
Moody’s Baa1(Rating Under Review)
Standard & Poor’s BBB+(Credit Watch Negative)

※ Dated : April 30. 2020

Rating Definition

Commercial paper Credit rating List
Rating Evaluation agency Definition
Moody's S&P
Eligible Investment Ratings Aaa AAA Highest quality, subject to the lowest level of credit risk
Aa1 AA+ High quality, subject to very low credit risk
Aa2 AA   
Aa3 AA-  
A1 A+ Upper-medium grade and subject to low credit risk
A3 A-  
Baa1 BBB+ Medium-grade and subject to moderate credit risk and as such may possess certain speculative characteristics
Baa2 BBB+  
Baa3 BBB-  
Ineligible Investment Ratings Ba1 BB+ Speculative and are subject to substantial credit risk
Ba2 BB   
Ba3 BB-  
B1 B+ Speculative and are subject to high credit risk
B3 B-  
Caa1 CCC+ Speculative of poor standing and are subject to very high credit risk
Caa2 CCC   
Caa3 CCC-  
Ca CC Highly speculative and are subject to very high credit risk
C C Lowest rated and are typically in default, with little prospect for recovery of principal or interest