NOW CREDIT RATINGS
- Commercial
Paper - A2
- Corporate
Bond - A+(Solidarity Guarantee)
* The credit rating scale is the standard 2022. (NICE, KIS)
| Securities and other evaluation objects | Current Rating | Rating Agency | Last Evaluation Date |
|---|---|---|---|
| Commercial Paper | A2 | KIS | Dec.21.2022 |
| A2 | NICE | Dec.21.2022 | |
| A2 | KIS | Jun.28.2022 | |
| A2 | NICE | Jun.13.2022 | |
| A2 | KIS | Dec.22.2021 | |
| A2 | NICE | Dec.07.2021 | |
| A2 | KIS | Jun.29.2021 | |
| A2 | NICE | Jun.24.2021 | |
| A2 | KIS | Dec.18.2020 | |
| A2 | NICE | May.15.2020 | |
| A2 | KIS | May.13.2020 | |
| A2 | NICE | Dec.27.2019 | |
| A2 | KIS | Dec.23.2019 | |
| A2 | NICE | Jul.23.2019 | |
| A2 | KIS | Jul.22.2019 | |
| A2 | KIS | Jun.22.2018 | |
| Corporate Bond | A+ | NICE | May.16.2018 |
| A+ | KIS | May.15.2018 | |
| A+ | NICE | Apr.26.2018 | |
| A+ | KIS | Mar.05.2018 | |
| A+ | NICE | Mar.05.2018 | |
| A+ | NICE | May.12.2017 | |
| A+ | KIS | May.11.2017 | |
| A+ | NICE | Dec.16.2016 | |
| A+ | KIS | Dec.16.2016 | |
| A+ | NICE | Dec.21.2016 | |
| A+ | KIS | Dec.21.2016 | |
| A+ | NICE | Apr.06.2016 | |
| A+ | KIS | Mar.25.2016 |
NICE : National Information Credit Evaluation / KIS : korea Investors Service / KR : Korea Ratings
| Evaluation, securities, etc. | Rating | Definition |
|---|---|---|
| Corporate Bond | AAA | An obligor rated 'AAA' has unquestionable capacity to redeem its financial obligations,and holds extremely low investmentrisks. |
| AA | An obligor rated 'AA' has strong capacity to redeem its financial obligations, although its solvency is relatively weaker than the obligors in the AAA category. |
|
| A | An obligor rated 'A' has satisfactory capacity to redeem its financial obligations, although it is somewhat more susceptible to the adverse effects of changes in its business and economic environments than the obligors in the AA rating categories. |
|
| B | An obligor rated 'B' is speculative in meeting its financial commitments. Adverse circumstantial changes are likely to impair the obligor's capacity to pay the interests. |
|
| C | An obligor rated 'C' has high default risk and no capacity for redemption. | |
| D | An obligor rated 'D' is in default. | |
| Commercial Paper | A1 | An obligor rated 'A1' has extremely strong capacity to timely meet its financial commitments. |
| A2 | An obligor rated 'A2' has strong capacity to meet its financial commitments, although its redemption stability is somewhat weaker than that of the obligors in the A1 category. |
|
| A3 | An obligor rated 'A3' has adequate capacity to meet its financial commitments, although its redemption stability is weaker than that of the obligors in the upper rating categories. |
|
| B | An obligor rated 'B' currently has the capacity to timely meet its financial commitments. However, it's redemption stability contains speculative characteristics that it is susceptible to short-term changes in its business and economic environments. |
|
| C | An obligor rated 'C' is speculative to a high degree. | |
| D | An obligor rated 'D' is in default. |
Relative superiority is indicated with + and – symbols within the same class.
Korea Institute of Corporate Governance and Sustainability(KCGS) ESG Rating
As a result of the spin-off dated on June 1, 2018, the Group was separated into the surviving company; Hyosung Corporation that manages the equities and investments of the subsidiaries, and newly established companies; Hyosung TNC Corporation, Hyosung Heavy Industries Corporation, Hyosung Advanced Materials Corporation and Hyosung Chemical Corporation that operate business in textile and trading, heavy industries and construction, industrial materials and chemical products, respectively. ESG ratings were assigned to Hyosung Corporation as a group prior to the spin-off until the year 2019, and as a separated holding company since the year 2020.
| Year | Overall Grade | Environment | Social | Governance |
|---|---|---|---|---|
| 2022 | B+ | A | A+ | B |
| 2021 | A | A | A+ | B+ |
| 2020 | B+ | A | A+ | B |
