Economy
Financing
[Market In] NICE Ratings Downgrades KumhoPetrochemical’s Credit Rating Outlook to ‘Stable’
NICE Credit Rating has downgraded KumhoPetrochemical’s credit rating outlook from “Positive” to “Stable.” Although the company’s financial structure remains highly stable, the pace of improvement in o…
Financing
[Market In] Moving to Secure Funds Before Interest Rates Rise… LG Innotek’s Corporate Bond Offering Draws Attention
LG Innotek(011070)Capital markets are watching closely to see if LG Innotek will soon tap the corporate bond market. With large-scale capital expenditures planned and signs of full-scale interest rate…
Financing
Chilly Conditions in the Corporate Bond Market… Hotel Lotte and CHONGKUNDANG HOLDINGS CORP. Conduct Bookbuilding
As the liquidity crisis at JoongAng Group spreads across the entire group, dampening investor sentiment in the credit market, only two companies—Hotel Lotte and CHONGKUNDANG HOLDINGS CORP.—will conduc…
Financing
[Market In] Samsung Securities to Issue Up to 6000억 in Corporate Bonds, Leveraging Its Strong Credit Rating
Samsung Securities (AA+) is set to issue up to 6000억 won in public corporate bonds. Following the success of its bookbuilding in January, the company is returning to the corporate bond market, leverag…
Financing
[Market In] Chong Kun Dang Holdings, Riding the Wave of the Wegovy Effect, Taps the Corporate Bond Market… Seeks to Raise Up to 1000억
Chong Kun Dang Holdings (A+), the holding company of the Chong Kun Dang Group, is set to issue up to 1000억 won in public corporate bonds. The group’s scale is expanding and profitability is improving …
Financing
[Market Insight] A-rated companies on edge… Even a single-notch downgrade would effectively mean delisting
#Following a series of restructuring filings by JR Global REIT and affiliates of the Joongang Group, investor sentiment toward non-investment-grade bonds has frozen solid, putting companies on the ver…
Financing
[Market In] Korea Ratings Raises Han Shin Engineering & Construction’s Credit Rating Outlook to ‘Positive’
The credit rating outlook for general construction firm #Hanshin Engineering & Construction (BBB) has been revised to “positive,” increasing the likelihood of a credit rating upgrade. On the 18th, Kor…
Financing
[Market In] SeAH Steel Receives Orders Worth Three Times the Target Amount in Corporate Bond Bookbuilding
#Seah Steel’s corporate bond bookbuilding attracted more than 2000억 won, reaching three times the target amount. Given that investor sentiment in the corporate bond market has recently been somewhat s…
Financing
[Market In] From Bad Debts to Borrowing Emergency Funds… Hyundai Engineering & Construction’s Credit Rating Under ‘Warning’ Due to 7.7 Trillion Won in Accounts Receivable
#Hyundai Engineering & Construction has aggressively expanded its overseas operations but is experiencing a slowdown in cash flow due to its inability to collect construction payments on time. Despite…
Financing
[Market In] Clean Nation, Now on the Brink of Speculative Grade, Downgraded to BBB-
#Korea Ratings (KR) announced on the 17th that it had downgraded #Clean Nation’s unsecured corporate bonds and corporate credit rating (ICR) from “BBB (Negative)” to “BBB- (Stable).” The credit rating…