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Financial Information
We present to you HD Hyundai Construction Equipment's stable and sustainable business performance.
Credit Ratings
| Rating Agency | Long-term Rating | Short-term Rating | ||||
|---|---|---|---|---|---|---|
| Category | Rating Date | Credit | Category | Rating Date | Credit | |
|
Korea Investors Service |
Corporate Bonds |
2024-03-19 |
A (Stable) |
Commercial paper/ Short-term bonds |
2024-12-18 | A2 |
|
Korea Ratings |
Corporate Bonds |
2024-03-18 |
A (Stable) |
Commercial paper/ Short-term bonds |
2024-12-23 | A2 |
|
Nice Information Service |
Corporate Bonds |
2024-03-19 |
A (Stable) |
Commercial paper/ Short-term bonds |
2024-12-16 | A2 |
* In November 2023, the long-term rating was raised from A- (positive) to A (stable).
Definitions of Credit Ratings
Corporate Bonds(Corporate Credit Rating)
| Investment Class | Rating Symbol | Definition | |
|---|---|---|---|
|
Investment Grade |
AAA | AAA | Highest ability to pay principal and interest |
| AA |
AA+ AA AA- |
Ability to pay principal and interest is very excellent, but somewhat inferior to that of AAA bonds | |
| A |
A+ A A- |
Ability to pay principal and interest is excellent but more vulnerable to changes in economic conditions and environment than those of higher ratings | |
| BBB |
BBB+ BBB BBB- |
Ability to pay principal and interest is good, but more vulnerable to future deterioration in economic conditions and environment than those of higher ratings | |
| Speculative | BB |
BB+ BB BB- |
Ability to pay principal and interest is not immediately problematic, but future safety that cannot be assured, so there is an element of speculation |
| B |
B+ B B- |
Speculative as there is a lack of ability to pay principal and interest; Ability to pay principal and interest is uncertain during a recession | |
| CCC | CCC | Uncertainties currently exit in the ability to pay principal and interest; Very speculative give the high risk of default | |
| CC | CC | Greater elements of uncertainty exist compared to the higher ratings | |
| C | C | High risk of default; Lacks the ability to pay principal and interest | |
| D | D | Unable to repay | |
Commercial paper / Electronic short-term bonds
| Investment Class | Rating Symbol | Definition | |
|---|---|---|---|
|
Investment Grade |
A1 | A1 | Highest ability to repay on time and repayment ability is most stable |
| A2 |
A2+ A2 A2- |
Excellent ability to repay on time but stability is somewhat inferior to A1 | |
| A |
A3+ A3 A3- |
Good ability to repay on time but stability is somewhat inferior to A2 | |
| B |
B+ B B- |
Ability to repay on time, but stability is subject to short-term changes in conditions and it is therefore speculative | |
| Speculative | C | C | Highly speculative considering the ability to repay on time and stability of repayment ability |
| D | D | Unable to repay | |