Credit Rating
Credit Rating
Samsung Card is highly recognized as a stable and robust company.
| Credit Assessment Institution | Corporate Bond | Outlook | Commercial Paper(CP) Electronic Short-termBonds(ESB) |
|---|---|---|---|
| Korea Ratings | AA+ | Stable | A1 |
| NICE Investors Service | AA+ | Stable | A1 |
| Korea Investors Service | AA+ | Stable | A1 |
Definition of Ratings
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Corporate Bond
This is a corporage bond table to check the contents of AAA, AA, A, BBB, BB, B, CCC, CC, C, D. AAA The best solvency of principal. AA The solvency of principal is remarkably excellent, however, it is relatively less than AAA. A Though the solvency of principal is excellent, potential for solvency is decreased for future principal as compared to AA, etc. according to economic conditions and environmental aggravation. BBB Though the solvency of principal is excellent, potentiality of solvency is decreased for future principal as compared to A, etc. according to economic conditions and environmental aggravation. BB The solvency of principal is not currently a problem however, speculative elements are involved refraining from asserting future guarantees. B Speculative status is demonstrated due to the lack of solvency of principal, and interest payments are uncertain as ineconomic depression. CCC Apprehensive elements are currently shown regarding payment of principal, and it is considered speculative due to the large risk of defaults. CC Apprehensive elements are greater than the upper grades. C Default risk is high and no solvency of principal is provided at all. D Currently in default status, and one or both parties of principal is in the state of arrears or dishonor. Notice+ and – signs used for representing ranking within the same rating from AA to B rating. -
Outlook System
It provides mid-term outlook on major assessment factors that may have an impact on creditworthiness of individual bonds. It represents Samsung Card opinions by forecasting mid-term macro-economic variables, competitive landscapes in the industry, circumstances of individual companies relating to creditworthiness of individual bonds at the time of assessment, etc. in a comprehensive manner. Such opinions are proposed as one of the followings: Positive, Stable, Negative.his is a creadit rating chart showing the Positive, Stable, Negative by the Korea Investors Service Positive Is given for a case where major assessment factors that may have an impact on creditworthiness of individual bonds at the time when the current ranking will be granted are expected to turn positive Stable Is given for a case where major assessment factors that may have an impact on creditworthiness of individual bonds at the time when the current ranking will be granted are expected to turn stable Negative Is given for a case where major assessment factors that may have an impact on creditworthiness of individual bonds at the time when the current ranking will be granted are expected to turn negative -
Commercial Paper (CP)/Electronic Short-term Bonds(ESB)
This is a Commercial Paper(CP) table to check the contents of A1, A2, A3, B, C, D A1 Prompt redemption solvency is at the highest level and its stability is high enough not to receive any impact from reasonably prospective environmental changes. A2 Although prompt redemption solvency is excellent, the stability is relatively inferior to A1. A3 Although prompt redemption solvency is excellent, the stability tends to be impacted according to rapid environmental changes. B The minimum prompt redemption solvency is acceptable however, the stability is potentially decreased due to environmental changes and speculative elements. C Speculative elements are strong due to variable stability and prompt redemption solvency. D Default status.