11. 09
(Mon)
Credit list
32 articles-
NH NongHyup Bank weaves 10,000 alternative data points into credit model
NH NongHyup Bank has introduced a credit scoring model using over 10,000 non-financial alternative data points to extend loans to thin-filers, but must prove the model can control delinquency risk.
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Samsung Card's delinquency rate illusion from total receivables growth... potential bad debt surges 51%
Samsung Card's falling delinquency rate masks deteriorating asset quality as total receivables surge 11.7%, cash advances grow at double the industry pace, and precautionary loans jump 51.7%, driving up credit costs and pressuring profit.
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Naver keeps A- rating despite 12 trillion won AI debt
Naver kept its A- credit rating from S&P despite booking 12 trillion won in AI infrastructure debt, thanks to a flexible procurement structure tied to customer demand. The rating's sustainability will depend on cloud utilization and large customer wins.
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HD Construction Equipment upgraded to A+ as engine unit cushions downturn
HD Construction Equipment's unsecured bond rating was raised to A+ as its engine business, acquired through the HD Hyundai Infracore merger, cushions construction equipment demand swings and strengthens cash flow.
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HD Construction Equipment Upgraded to A+ After Merger, Must Clear Middle East Logistics Hurdle
Korea Investors Service upgraded HD Construction Equipment's unsecured bond rating to A+ with a stable outlook, citing improved financials after the merger with HD Hyundai Infracore. The company must now overcome Middle East logistics disruptions and stabilize new engine production to sustain the ra
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KOTEC, SMEs agency hold 2.6 million expired credit records in breach of 5-year rule
KOTEC and KOSME have kept 2.6 million credit records past the legal five-year deletion deadline, citing exceptions for model development, drawing criticism over privacy and security risks.
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Korea's credit rating stuck for 14 years as fiscal and security risks weigh
Fitch Ratings began its annual review of Korea's sovereign rating on Nov. 3. Structural fiscal weakness and North Korea-related risks have kept the rating at 'AA-' for 14 years despite improved exports.
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K bank's AA+ rating rests on state support, not fundamentals
K bank's AA+ rating reflects potential government support rather than standalone strength, as weak profitability, surging self-employed business loans and high credit costs expose structural vulnerabilities.
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K bank earns AA+ long-term credit rating, matching KakaoBank
K bank received a new AA+ long-term credit rating from NICE Investors Service, matching KakaoBank and one notch above Toss Bank, driven by capital raised through its IPO and stable earnings. The bank faces challenges from its high mid-to-low credit loan share and rapid expansion into sole proprietor
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BNK Financial's 50% shareholder return pledge faces regional SME bad-loan risk
BNK Financial Group's pledge to return more than 50% of profit to shareholders faces a growing threat from bad loans to regional SMEs and marginal borrowers, as asset quality deteriorates and provisions mount.
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Meta rating outlook cut fuels AI investment risk, market funding alarm
S&P cut Meta Platforms' rating outlook to negative as AI spending drains free cash flow, and OpenAI slashed its fundraising target. Unconventional lending is spreading, raising fears of a tech sector credit crunch.
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France loses fiscal control as Fitch cuts rating outlook to negative
Fitch kept France's A+ rating but cut its outlook to negative, citing soaring debt and deficits. The agency sees the debt ratio hitting 124% of GDP by 2028, with interest costs double the peer median.
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Toss Bank obtains first long-term credit rating of AA
Toss Bank received its first long-term credit rating of AA/Stable from NICE Investors Service, one notch below KakaoBank's AA+, reflecting improved profitability but ongoing soundness concerns from mid-to-low credit loans.
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Shinsegae acquires Lotte Centum City store…credit rating industry sees limited financial impact
Shinsegae is acquiring Lotte Shopping's Busan Centum City department store for an estimated 200 billion won. Credit rating agency NICE says the deal will have limited impact on both companies' credit ratings due to their strong cash generation.
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KB Kookmin Card defends profit by trimming provisions, but NPLs rebound
KB Kookmin Card's third-quarter profit rose on lower provisions, but its NPL ratio rebounded to 1.00%, signaling potential credit risk from vulnerable borrowers.
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PRS off-balance-sheet borrowing tops 20 trillion won, a hidden debt time bomb for big firms
Korea's PRS market has surged to 22 trillion won in three years, becoming a hidden debt risk for big firms as falling stock prices could trigger massive settlement losses and margin calls.
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SK hynix, with 98 trillion won in net cash, eyes top credit rating on AI
Korea Investors Service raised its rating outlook on SK hynix and SK Square to positive, citing HBM-driven earnings and 98.7 trillion won in net cash. The path to a top AAA rating hinges on big tech AI monetization and competition from Chinese memory makers.
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NPL investors hit by weak collateral recovery amid downturn
Korean NPL investors' profits are falling as a commercial real estate slump delays collateral recovery and rising funding costs squeeze margins, despite a surge in NPL supply. Leverage management will determine winners and losers.
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LG Energy Solution, CJ CheilJedang face credit rating downgrade risk
LG Energy Solution and CJ CheilJedang have breached key downgrade review thresholds, raising concerns about potential credit rating cuts and higher funding costs ahead of year-end reviews.
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Woori Investment & Securities rating upgrade hinges on standalone profitability beyond 1 trillion won injection
Woori Investment & Securities' rating outlook was raised to positive by two major Korean rating agencies after a 1 trillion won capital injection from its parent, but analysts say a full upgrade to AA- requires proof of standalone profitability beyond the base effect and surging costs.