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Domestic Credit Rating Status

    Categorized by domestic credit rating status table, provides information on Korea Credit Ratings, NICE Credit Ratings, and Korea Ratings

    Credit Ratings System (Domestic)

    • AAA
      The highest likelihood of honoring financial obligations.
    • AA
      Very high likelihood of honoring financial obligations. The likelihood may, nevertheless, be slightly lower than is the case for the highest rating category (AAA).
    • A
      High likelihood of honoring financial obligations. The likelihood may, nevertheless, be more susceptible to changes in circumstances and in economic conditions than is the case for higher rating category (AA).
    • BBB
      Moderate likelihood of honoring financial obligations, but changes in circumstances and in economic conditions are more likely to impair this likelihood than is the case for higher rating category (A).
    • BB
      Some uncertainty over the likelihood of honoring financial obligations and speculative elements.
    • B
      Substantial uncertainty over the likelihood of honoring financial obligations and is considered more speculative than higher rating category (BB).
    • CCC
      High risk of default on financial obligations and questionable likelihood of honoring financial obligations.
    • CC
      Very high risk of default on financial obligations and extremely low likelihood of honoring financial obligations.
    • C
      Extremely high risk of default on financial obligations and lack of likelihood of honoring financial obligations.
    • D
      Default.
    Credit rating system (domestic) table provides rating symbols and rating definition information
    RatingDefinition
    AAAThe highest likelihood of honoring financial obligations.
    AAVery high likelihood of honoring financial obligations. The likelihood may, nevertheless, be slightly lower than is the case for the highest rating category (AAA).
    AHigh likelihood of honoring financial obligations. The likelihood may, nevertheless, be more susceptible to changes in circumstances and in economic conditions than is the case for higher rating category (AA).
    BBBModerate likelihood of honoring financial obligations, but changes in circumstances and in economic conditions are more likely to impair this likelihood than is the case for higher rating category (A).
    BBSome uncertainty over the likelihood of honoring financial obligations and speculative elements.
    BSubstantial uncertainty over the likelihood of honoring financial obligations and is considered more speculative than higher rating category (BB).
    CCCHigh risk of default on financial obligations and questionable likelihood of honoring financial obligations.
    CCVery high risk of default on financial obligations and extremely low likelihood of honoring financial obligations.
    CExtremely high risk of default on financial obligations and lack of likelihood of honoring financial obligations.
    DDefault.