Economy
Financing
[Market In] Han Shin Rating Assigns New 'A2+' Rating to HANILCEMENT's Commercial Paper
Korea Ratings Corporation (KRC) announced on the 25th that it has assigned a new credit rating of “A2+” to the commercial paper of HANILCEMENT(300720). KRC currently assigns a credit rating of “A+ (St…
Financing
NICE Group Makes a Bold Move to Expand Payment Infrastructure… Invests 230억 in SPC [only-EDAILY]
It has been confirmed that three major subsidiaries of NICEHoldings have carried out a 23 billion won capital increase through a special purpose company (SPC). This move is seen as a way to secure fun…
Financing
[Market Insight] SK hynix’s 45.5 Trillion Won Rights Offering a ‘Green Light’ for Credit Rating… “AAA Upgrade Remains to Be Seen”
SK hynix(000660)has decided on a large-scale rights offering worth approximately 45.5 trillion won. Analysts note that while strengthening its financial foundation through capital expansion is positiv…
Financing
[Market In] DOOSAN Energy Exits BBB Rating… Double Boost from Nuclear Power and Gas Turbines
NICEHoldings announced on the 24th that it had upgraded the credit rating on DOOSAN ENERBILITY(034020)’s unsecured bonds from “BBB+” to “A-,” and the credit ratings on its commercial paper and electro…
Financing
[Market In] CHONGKUNDANG HOLDINGS CORP. Receives 2130억원 in Orders During Corporate Bond Bookbuilding
CHONGKUNDANG HOLDINGS CORP. secured orders exceeding three times its target amount during the bookbuilding process for its public corporate bond offering.
A view of CHONGKUNDANG’s headquarters in C…
Financing
[Market In] Brokerages Riding the Stock Market Upturn Rush to Issue 1.5 Trillion in Corporate Bonds in July
While the corporate bond issuance market as a whole is facing headwinds amid persistently high interest rates, major securities firms are moving ahead with public bond offerings one after another. Thi…
Financing
[Credit Checkpoint] Even with All Available Cash, Repayment Is a Struggle… CHONGKUNDANG HOLDINGS CORP. Stuck in the “Short-Term Borrowing” Quagmire
“Credit Checkpoint” is a column that assesses the credit rating risks of companies preparing to issue corporate bonds by examining their financial structure and cash flow. It evaluates a company’s sho…
Financing
[Market Insight] Pulmuone Corporate Downgraded to ‘BBB+’ Due to Weak Overseas and Health Business Performance
NICEHoldings announced on the 23rd that it had downgraded Pulmuone Corporate’s long-term credit rating from “A- (Negative)” to “BBB+ (Stable).” Analysts attribute this downgrade primarily to constrain…
Financing
[Market In] Korea Ratings Downgrades Agricultural Machinery Manufacturer DAEDONG CORPORATION’s Credit Rating to ‘BBB’
Korea Ratings Corporation has downgraded the credit rating of DAEDONG CORPORATION, a comprehensive agricultural machinery manufacturer. This move comes as profitability has declined due to persistent …
Financing
[Market In] LOTTE CHEMICAL CORPORATION: Credit Rating Downgrade Likely Despite Brief Return to Profitability
NICEHoldings announced on the 23rd that it has maintained the credit rating of LOTTE CHEMICAL CORPORATION(011170)’s unsecured bonds at ‘AA-’ but changed the rating outlook from ‘Stable’ to ‘Negative.’…