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KT&G Receives High Global Credit Ratings from S&P and Moody’s 2025.01.08

On January 7, KT&G (President & CEO Bang Kyung-man) announced that it had received credit ratings of A- (stable) from S&P and A3 (stable) from Moody’s, two of the three leading global credit rating agencies.

 

S&P’s A- rating reflects strong credit quality and low credit risk. This rating is the highest among major Korean conglomerates, excluding public enterprises and financial institutions, and is on par with the top global tobacco companies. The A3 rating from Moody’s also places KT&G at the highest level among Korean conglomerates, further recognizing the company’s solid financial stability.

 

The agencies have praised KT&G for its strong business stability, including its dominant market position in the tobacco industry, as well as its ability to generate stable profits and maintain low financial leverage. They also highlighted KT&G’s impressive performance in the next-generation products (NGP) of the electronic cigarette sector and its successful diversification into non-tobacco businesses, such as ginseng.

 

Of particular note, global agencies have acknowledged KT&G’s expanding international presence, suggesting prospects of continued overseas business growth driven by investments like the establishment of new factories in Indonesia and Kazakhstan.

 

In June 2023, KT&G earned an AAA (stable) rating from Korea Ratings (KR), Korea Investors Service (KIS), and NICE Investors Service, the three major corporate credit rating agencies in South Korea.

 

An official from KT&G commented, “Despite growing uncertainties in both domestic and international sectors, global credit rating agencies have recognized our commitment to executing our mid- to long-term vision and maintaining strong financial health. We will continue to focus on reinforcing a stable financial structure and making key investments in our core businesses as we work towards becoming a global top-tier company.”

 

 

 


(Photo) KT&G logo image


 


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