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KR AAA
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Means the highest credit quality of the rated borrowers and liabilities in comparison to other borrowers and debts with the highest rate of performance of financial obligations.
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KR AA+
KR AA
KR AA-
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Means high credit quality of the rated borrowers and liabilities in comparison to other debts and borrowers. It means that ability to perform financial obligations is high while the possibility to be affected by sudden changes in the economic, financial managerial conditions is small.
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KR A+
KR A
KR A-
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Means that the credit quality is higher than the average for the rated liabilities and borrowers in comparison to other debts and debtors. Ability to perform financial obligations is high; however it may be affected by adverse economic conditions.
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KR BBB+
KR BBB
KR BBB-
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Means average credit quality of the rated liabilities and borrowers in comparison to other debts and borrowers. Ability to perform financial obligations is high while risk to be affected by adverse economic conditions is also high.
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Firms and securities rated with BB, B, CCC, CC, C are assessed as “Speculative Grade” in the market.
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KR BB+
KR BB
KR BB-
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Means below the average credit quality in respect to rated liabilities and borrowers in comparison to other debts and borrowers. It is extremely sensitive to economic and financial conditions in meeting its financial obligations.
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KR B+
KR B
KR B-
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Means weak credit quality of the rated borrowers and debts in comparison to other debts and borrowers. It is highly sensible to economic and financial conditions in meeting its financial obligations.
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KR CCC
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Means very weak credit quality of rated borrowers and debts in comparison to other debts and borrowers. It is rather below the investible category, in danger, economic, sector and financial conditions must be positive for it to meet its financial obligations.
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KR CC
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Means insufficient credit quality for rated borrowers and debts in comparison to other debts and borrowers. Risk of default in meeting its financial obligations is rather high.
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KR C
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Means highly insufficient credit quality of the rated borrowers and debts in comparison to other debts and borrowers. The risk is too high.
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KR D
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Borrowers and liabilities rated in this category have failed to meet their financial obligations.
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