Hanwha Aerospace receives A- issuer credit rating from S&P

Hanwha Aerospace said Monday that it has received a long-term issuer credit rating of A- with a stable outlook from S&P Global Ratings, marking its first rating from a global credit assessment agency and strengthening its access to international capital markets. The company is the first Korean defense and aerospace firm to receive a global credit rating. The investment-grade rating places Hanwha Aerospace in the same category as major global defense companies and is expected to facilitate direct fundraising in overseas debt markets. In its assessment, S&P cited the company's competitive defense platforms, including the K9 self-propelled howitzer and Chunmoo multiple rocket launcher system, which are well-positioned to benefit from rising global defense spending. The ratings agency also highlighted Hanwha Aerospace's expanding weapons exports, particularly to Europe and the Middle East, as well as its ability to rapidly fulfill orders. S&P noted the company's strategic importance to Korea's national security and its record order backlog of approximately 37 trillion won ($24 billion) at theWeiter zum vollständigen Artikel bei Korea Times Weiter zum vollständigen Artikel bei Korea Times