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KT&G Rated Strongly by S&P and Moody's

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KT&G (KRX:033780) has received strong credit ratings from major global agencies, with S&P assigning 'A-(Stable)' and Moody's assigning 'A3(Stable)' ratings. These ratings, which indicate high credit quality and very low credit risk, place KT&G among top-rated Korean companies excluding public enterprises and financial institutions.

The ratings reflect KT&G's dominant position in Korea's tobacco market, stable profit generation, and low financial leverage ratio. The agencies highlighted the company's success in Next Generation Products (NGP) and its diverse portfolio including ginseng products. They also noted KT&G's global expansion through new factories in Indonesia and Kazakhstan.

This follows the company's domestic 'AAA(Stable)' ratings from Korea's three major rating agencies in June 2023. KT&G maintains its commitment to financial stability and investment in core businesses as part of its 'leap to a Global Top-tier' vision.

KT&G (KRX:033780) ha ricevuto valutazioni creditizie molto elevate da importanti agenzie globali, con S&P che assegna un rating di 'A-(Stabile)' e Moody's che assegna un rating di 'A3(Stabile)'. Questi rating, che indicano un'alta qualità creditizia e un rischio creditizio molto basso, collocano KT&G tra le aziende coreane con la migliore valutazione, escluse le imprese pubbliche e le istituzioni finanziarie.

I rating riflettono la posizione dominante di KT&G nel mercato del tabacco in Corea, una generazione di profitti stabile e un basso indice di indebitamento. Le agenzie hanno evidenziato il successo dell'azienda nei Prodotti della Prossima Generazione (NGP) e il suo portafoglio diversificato che include prodotti a base di ginseng. Hanno anche notato l'espansione globale di KT&G tramite nuove fabbriche in Indonesia e Kazakistan.

Questo segue le valutazioni 'AAA(Stabile)' ottenute dall'azienda presso le tre principali agenzie di rating della Corea a giugno 2023. KT&G mantiene il suo impegno per la stabilità finanziaria e gli investimenti nelle attività principali come parte della sua visione di 'salto verso un livello globale di eccellenza'.

KT&G (KRX:033780) ha recibido altas calificaciones crediticias de importantes agencias globales, con S&P asignando una calificación de 'A-(Estable)' y Moody's otorgando 'A3(Estable)'. Estas calificaciones, que indican alta calidad crediticia y muy bajo riesgo crediticio, colocan a KT&G entre las empresas coreanas mejor calificadas, excluyendo empresas públicas e instituciones financieras.

Las calificaciones reflejan la posición dominante de KT&G en el mercado del tabaco en Corea, generación estable de beneficios y un bajo índice de apalancamiento financiero. Las agencias destacaron el éxito de la empresa en Productos de Nueva Generación (NGP) y su cartera diversificada que incluye productos de ginseng. También señalaron la expansión global de KT&G a través de nuevas fábricas en Indonesia y Kazajistán.

Esto sigue las calificaciones 'AAA(Estable)' de la empresa otorgadas por las tres principales agencias de calificación de Corea en junio de 2023. KT&G mantiene su compromiso con la estabilidad financiera y la inversión en negocios fundamentales como parte de su visión de 'salto a una categoría global de primer nivel'.

KT&G (KRX:033780)은 주요 글로벌 기관에서 강력한 신용 등급을 받았습니다. S&P는 'A-(안정적)' 등급을 부여하였고, Moody's는 'A3(안정적)' 등급을 부여하였습니다. 이러한 등급은 높은 신용 품질과 매우 낮은 신용 위험을 나타내며, KT&G를 공기업과 금융기관을 제외한 한국의 최고 등급 기업 중 하나로 위치시킵니다.

이러한 등급은 KT&G의 한국 담배 시장에서의 우위를 반영, 안정적인 수익 창출 및 낮은 재무 부채 비율을 나타냅니다. 기관들은 차세대 제품(NGP)에서의 성공과 인삼 제품을 포함한 다양한 포트폴리오를 강조했습니다. 또한 인도네시아와 카자흐스탄에 새로운 공장을 세우며 글로벌 확장을 하고 있다는 점도 언급하였습니다.

이것은 2023년 6월 한국의 세 주요 신용 평가 기관으로부터 'AAA(안정적)' 등급을 받은 데 이어지며, KT&G는 '글로벌 최상위 기업으로 도약' 비전의 일환으로 재무 안정성과 핵심 사업에 대한 투자 의지를 유지하고 있습니다.

KT&G (KRX:033780) a reçu des notations de crédit solides de la part des principales agences mondiales, S&P attribuant un rating de 'A-(Stable)' et Moody's un rating de 'A3(Stabile)'. Ces notations, qui indiquent une haute qualité de crédit et un risque de crédit très faible, placent KT&G parmi les entreprises coréennes les mieux notées, à l'exclusion des entreprises publiques et des institutions financières.

Les notations reflètent la position dominante de KT&G sur le marché du tabac en Corée, la génération stable de bénéfices et un faible ratio de levier financier. Les agences ont souligné le succès de l'entreprise dans les Produits de Nouvelle Génération (NGP) et son portefeuille diversifié incluant des produits à base de ginseng. Elles ont également noté l'expansion mondiale de KT&G grâce à de nouvelles usines en Indonésie et au Kazakhstan.

Cela fait suite aux notations 'AAA(Stabile)' obtenues par l'entreprise auprès des trois principales agences de notation de Corée en juin 2023. KT&G maintient son engagement envers la stabilité financière et les investissements dans ses activités fondamentales dans le cadre de sa vision de 'passer à un niveau mondial de premier plan'.

KT&G (KRX:033780) hat von großen globalen Agenturen hohe Kreditratings erhalten, wobei S&P ein Rating von 'A-(Stabil)' und Moody's ein Rating von 'A3(Stabil)' zugewiesen hat. Diese Ratings, die auf hohe Kreditqualität und sehr niedriges Kreditrisiko hinweisen, platzieren KT&G unter den bestbewerteten koreanischen Unternehmen, abgesehen von öffentlichen Unternehmen und Finanzinstituten.

Die Ratings spiegeln die dominierende Position von KT&G auf dem koreanischen Tabakmarkt, die stabile Gewinngenerierung und das niedrige Verschuldungsverhältnis wider. Die Agenturen hoben den Erfolg des Unternehmens im Bereich der Next Generation Products (NGP) und sein diversifiziertes Portfolio, einschließlich Ginseng-Produkten, hervor. Sie bemerkten auch die globale Expansion von KT&G durch neue Fabriken in Indonesien und Kasachstan.

Dies folgt den 'AAA(Stabil)' Ratings des Unternehmens von den drei wichtigsten Ratingagenturen Koreas im Juni 2023. KT&G verpflichtet sich zur finanziellen Stabilität und Investitionen in Kerngeschäfte im Rahmen seiner Vision, 'in die globale Oberklasse aufzusteigen'.

Positive
  • Received high credit ratings: S&P 'A-(Stable)' and Moody's 'A3(Stable)'
  • Dominant market position in Korean tobacco market
  • Strong financial metrics with stable profit generation and low leverage
  • Successful expansion in Next Generation Products (NGP)
  • Geographic expansion through new factories in Indonesia and Kazakhstan
Negative
  • None.

- 'A-' by S&P, 'A3' by Moody's—Positive Factors Include Business Stability, Financial Stability, and Global Business Growth

SEOUL, South Korea, Jan. 7, 2025 /PRNewswire/ -- On the 7th, KT&G Corporation ("KT&G") (KRX:033780), South Korea's leading tobacco manufacturer, announced that it has been assigned A-(Stable) and A3 (Stable) ratings by two of the top three global credit rating agencies, S&P and Moody's, respectively.

The "A-" rating is a high credit quality rating denoting a good credit status and very low credit risk. KT&G's rating is a top rating among major Korean companies that are not public enterprises or financial institutions, and is equivalent to the ratings of leading global tobacco companies. The "A3" rating from Moody's is also a top rating among Korean companies, and recognizes KT&G's sound financial stability.

Global credit rating agencies determined that KT&G had high business stability, based on a dominant position in the Korea's tobacco market. Stable profit generation and low financial leverage ratio were also positive factors. Furthermore, KT&G's outstanding performance in the NGP (Next Generation Products) sector and diverse portfolio spanning across ginseng and other non-tobacco sectors were also highly rated.

Global credit rating agencies were particularly interested in KT&G's global business growth, and went on to state that KT&G's global business can expect further expansion based on KT&G's growth investment such as establishment of new factories in Indonesia and Kazakhstan.

In June 2023, KT&G received "AAA(Stable)" issuer credit ratings from the three major Korean ratings agencies, Korea Ratings, Korea Investor Service, and NICE Investor services. 

KT&G's spokesperson said that "global credit rating agencies recognizes KT&G's faithful execution of mid-to-long term vision plans and financial stability" and that "going forward, KT&G will continue its effort to build a stable financial structure based on high credibility, and will invest in the core businesses in line with its 'leap to a Global Top-tier' vision."

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/ktg-rated-strongly-by-sp-and-moodys-302345088.html

SOURCE KT&G Corporation

FAQ

What credit ratings did KT&G (KTCIY) receive from S&P and Moody's in January 2025?

KT&G received an A-(Stable) rating from S&P and A3(Stable) rating from Moody's in January 2025, indicating high credit quality and very low credit risk.

How do KT&G's (KTCIY) global credit ratings compare to other Korean companies?

KT&G's ratings are among the highest for Korean companies that are not public enterprises or financial institutions, matching the ratings of leading global tobacco companies.

What factors contributed to KT&G's (KTCIY) strong credit ratings in 2025?

The strong ratings were based on KT&G's dominant position in Korea's tobacco market, stable profit generation, low financial leverage, success in NGP sector, diverse portfolio, and global business expansion.

Where is KT&G (KTCIY) expanding its global operations as of 2025?

KT&G is expanding its global operations through the establishment of new factories in Indonesia and Kazakhstan.

What domestic credit ratings did KT&G (KTCIY) receive in June 2023?

KT&G received 'AAA(Stable)' issuer credit ratings from Korea's three major rating agencies: Korea Ratings, Korea Investor Service, and NICE Investor services.

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