Economy
Financing
Corporate Bond Market Hit by JR and JoongAng Group… Concerns Over 'Liquidity Crunch'
Investor sentiment in the non-investment-grade bond market is rapidly freezing up following back-to-back restructuring filings by JR Global REIT and the Joongang Group. Immediately after the JR crisis…
Financing
Corporate Bond Market Turns Chilly… Even 'A-' Ratings Are No Longer a Safe Bet
The credit shock that has rocked the subprime bond market is now squeezing the corporate bond market as a whole. Analysts say that the successive bankruptcy filings by JR Global REIT and the Joongang …
Financing
[Market In] JoongAng Ilbo, Downgraded to 'B' Rating, Faces EOD on 1370억 Public Offering Bonds
Events of Default (EOD) have occurred in four tranches of corporate bonds previously issued by JoongAng Ilbo.
A view of the JoongAng Ilbo headquarters in Sangam. (Photo: JoongAng Ilbo)
On the 16…
Financing
[Market Insight] Korea Ratings Downgrades Contentree Central and Megabox Credit Ratings to ‘D’
The credit ratings of Megabox Joongang and Contentre Joongang have plummeted to ‘D’. On the 15th, Korea Ratings announced that it was downgrading the credit ratings of Megabox and Contentre Joongang’s…
Financing
[Market Insight] JTBC and SLL JoongAng Hit by Sell-Off… JoongAng Group Corporate Bonds Plunge
As JTBC fails to overcome its liquidity crisis and faces default, panic selling of corporate bonds issued by affiliates of the Joongang Group is unfolding in the bond market. With the failure to repay…
Financing
[Credit Checkpoint] SeAH Steel: Cash Reserves Are Full, but Profit Growth Is Clearly Slowing
Credit Checkpoint is a section that assesses the credit rating risks of companies preparing to issue corporate bonds by examining their financial structure and cash flow. We evaluate a company’s short…
Financing
Corporate Bond Issuance Plummets… SeAH Steel Conducts Bookbuilding Alone
As corporate bond yields rise sharply, the burden of raising funds for companies is increasing. Since higher issuance rates lead to higher interest expenses for companies, there is a growing trend of …
Financing
[Market Insight] Han Shin Rating Downgrades Credit Ratings of Four Central Group Affiliates… “Risk of Liquidity Contagion on the Rise”
On the 13th, Korea Ratings (hereinafter "Korea Ratings") downgraded the credit ratings of four affiliates of the Joongang Group in a special review and placed them on "downgrade watch."
Exterior vi…
Financing
[Market Insight] Lotte Chemical: Credit Rating Downgrade Likely Despite Earnings Rebound
Korea Ratings announced on the 12th that it has maintained the credit rating of Lotte Chemical’s unsecured bonds at ‘AA-’ and downgraded the outlook from ‘Stable’ to ‘Negative.’ A negative outlook ind…