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CREDIT RATING

View LG Electronics’ global and domestic credit ratings from various credit rating agencies worldwide.

Global Credit Rating

Global Credit Rating
Rating Agency Moody's
Current Rating Baa3(Stable)
Last Evaluation Date June 2017
Rating Agency S&P
Current Rating BBB(Stable)
Last Evaluation Date May 2017

Rating Definitions of Moody's and S&P

Moody's has nine rating categories, from Aaa to C, and S&P has 10 rating categories, from AAA to D. Ratings from Aaa to Baa are considered investment-graded by Moody's, and ratings from AAA to BBB are considered investment-graded by S&P. When rating agencies evaluate a credit rating, they also attach a "rating outlook" to each rating. "Positive" means that a rating may be raised, "Negative" means that a rating may be lowered, and "Stable" means that a rating is not likely to change.

Rating Definitions of Moody's and S&P
Classification Investment Grade
Moody's Aaa
S&P AAA
Definition Highest quality
Moody's Aa
S&P AA
Definition High quality (very strong)
Moody's A
S&P A
Definition Upper medium grade (strong)
Moody's Baa
S&P BBB
Definition Medium grade
Classification Non-investment Grade
Moody's Ba
S&P BB
Definition Lower medium grade (somewhat speculative)
Moody's B
S&P B
Definition Low grade (speculative)
Moody's Caa
S&P CCC
Definition Poor quality (may default)
Moody's Ca
S&P CC
Definition Most speculative
Moody's C
S&P C
Definition No interest being paid or bankruptcy petition filed
Moody's -
S&P D
Definition In default

Domestic Credit Rating

Domestic Credit Rating
Rating Agency KIS
Bond - Current Rating AA
Bond - Last Evaluation Date May 2018
Rating Agency KR
Bond - Current Rating AA
Bond - Last Evaluation Date May 2018
Rating Agency NICE
Bond - Current Rating AA
Bond - Last Evaluation Date May 2018

Bond Ratings Definitions

There are 10 rating categories for bond ratings, from AAA to D. While obligors in rating categories AAA to BBB are considered investment-graded, having more than adequate abilities to meet their financial commitments in a timely fashion, those in rating categories BB to C are believed to contain speculative characteristics in terms of their redemption stability. Obligors in category D are in default.

Bond Ratings Definitions
Rating AAA
Definition An obligor rated 'AAA' has unquestionable capacity to redeem its financial obligations, and holds extremely low investment risks.
Rating AA
Definition An obligor rated 'AA' has strong capacity to redeem its financial obligations, although its solvency is relatively weaker than the obligors in the AAA category.
Rating A
Definition An obligor rated 'A' has satisfactory capacity to redeem its financial obligations, although it is somewhat more susceptible to the adverse effects of changes in its business and economic environments than the obligors in the AA rating categories.
Rating BBB
Definition An obligor rated 'BBB' has moderate capacity to redeem its financial obligations, although its capacity is more likely to be weakened by the adverse effects of changes in its business and economic environments than the obligors in the A category.
Rating BB
Definition An obligor rated 'BB' currently has the capacity to redeem its financial obligations. However, it's redemption stability contains speculative characteristics that it cannot be guaranteed in the long-term.
Rating B
Definition An obligor rated 'B' is speculative in meeting its financial commitments. Adverse circumstantial changes are likely to impair the obligor's capacity to pay the interests.
Rating CCC
Definition An obligor rated 'CCC' is highly speculative in meeting its financial commitments.
Rating CC
Definition An obligor rated 'CC' is more speculative than the obligors in the CCC category.
Rating C
Definition An obligor rated 'C' has a high default risk and no capacity for redemption.
Rating D
Definition An obligor rated 'D' is in default.
* Ratings between AA and B categories can be designated with a plus (+) or minus (-) sign according to their relative status within each generic rating category.
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