IR Information

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informed decisions. Based on our long history of reliable and trustworthy business practices,
we will make the lives of our customers more affluent.

Credit Rating

  • Hanwha Commercial Paper

    • Rating AgencyKorea Ratings
    • Rating DateJune 15, 2018
    • RatingA2
    • Rating AgencyNICE Investors Service
    • Rating DateJune 15, 2018
    • RatingA2
  • Hanwha Corporate Bond

    • Rating AgencyKorea Ratings
    • Rating DateApril 2, 2018
    • RatingA
    • Rating AgencyNICE Investors Service
    • Rating DateApril 2, 2018
    • RatingA

Commercial Paper Ratings

The commercial paper rating scale comprises six categories from A1 to D. The ratings from A2 to B may be
modified by the addition of a plus (+) or minus (-) sign to show relative standing within the rating categories.

Commercial Paper Ratings : Rating, Creditworthiness
Rating Creditworthiness
A1 Capacity for payment of financial commitments is exceptionally strong, and highly unlikely
to be adversely affected by foreseeable changes in circumstances.
A2 Capacity for payment of financial commitments is strong, but somewhat less thanA1
A3 Capacity for payment of financial commitments is adequate, but somewhat vulnerable
to adverse economic conditions or changes in circumstances
B Capacity for payment of financial commitments may be moderate, but has speculative
characteristics depending on near-term changes in circumstances
C Capacity for payment of financial commitments is doubtful
D Payment default on financial commitments

Corporate Bond Ratings

The corporate bond rating scale comprises 10 categories from AAA to D. The ratings from AA to CCC may be
modified by the addition of a plus (+) or minus (-) sign to show relative standing within the rating categories.

Corporate Bond Ratings: Rating, Creditworthiness
Rating Creditworthiness
AAA Capacity for payment of financial commitments is exceptionally strong, and highly
unlikely to be adversely affected by foreseeable changes in circumstances
AA Capacity for payment of financial commitments is very strong, but somewhat less than AAA
A Capacity for payment of financial commitments is strong, but somewhat vulnerable
to adverse economic conditions or changes in circumstances
BBB Capacity for payment of financial commitments is adequate, but more likely to be
impaired by adverse economic conditions or changes in circumstances
BB Capacity for payment of financial commitments may be moderate, but has speculative characteristics
B Capacity for payment of financial commitments is weak and speculative, and its future stability is uncertain
CCC Capacity for payment of financial commitments is subject to default risk, and as such
possesses highly speculative characteristics
CC Capacity for payment of financial commitments contains high possibility of default, and is more
vulnerable to adverse economic conditions or changing circumstances than higher ratings
C Capacity for payment of financial commitments contains extremely high possibility of default,
with little chance of recovery
D Payment default on financial commitments
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