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Bond

2012 : AA-, 2011 : AA-, 2010 : AA-, 2009 : AA-, 2005 : A+ ,2003 : A

History of DSME's Credit Ratings

Change of DSME's credit ratings
2013.05.10 2012.05.29 2011.10.24 2010.06.30 2009.03.23 2005.02.04 2003.03.04
AA- AA- AA- AA- AA- A+ A

Definition of Bond Credit Rating

The bond rating has 10 tiers ranging from AAA, which is the highest grade, to D to indicate the issuer's ability to meet the principal payments.

DSME's bond credit rating definitions
Credit Rating Rating symbols and definitions
AAA Extremely strong capacity to meet principal payments.
AA Very strong capacity to meet principal payments, lower than AAA.
A Strong capacity to meet principal payments, but somewhat susceptible to adverse economic conditions and changes in circumstances.
BBB Adequate capacity to meet principal payments, but more subject to adverse economic conditions and changes in circumstances.
BB Currently has the capacity to meet principal payments, but somewhat susceptible to circumstances in long term.
B Vulnerable to nonpayment of principal amount and dependent on favorable business, financial and economic conditions to meet interest payments.
CCC Currently vulnerable and dependent on favorable business, financial and economic conditions to meet principal payments and other financial obligations.
CC Currently highly vulnerable.
C Currently highly vulnerable to nonpayment of principal amount.
D Payment default on financial commitments.

* Rating Scale and Definitions by Korea Investors Service