PR
Achieved Issuer Credit Rating (ICR) 'A' with a 'Stable'
Taihan has announced that NICE Investors Service, a Korean credit rating agency, has assigned the company an Issuer Credit Rating (ICR) of “A” with a “Stable” outlook. This upgrade marks a significant improvement from the “A-” rating received from Korea Ratings in 2022, achieved in just two years.
The ICR evaluates a company’s overall business profitability and debt repayment ability, serving as a measure of the company’s external credibility. Following its incorporation into the Hoban Group, Taihan carried out this evaluation to confirm its credit rating and boost customer confidence, supported by a stable business and financial environment.
NICE Investors Service cited the business stability based on a diverse product portfolio, continuous sales growth, stable operating profitability, and significantly improved financial stability, as the reasons for this rating.
Taihan's net debt significantly decreased from KRW 456.7 billion in 2021 to KRW -399.5 billion as of the end of March 2024. The company's debt-to-equity ratio stands at 79.2%, while the net debt-to-total assets ratio is an impressive -15.5%, reflecting a strong financial position.
