The World's Best
Heavy Industries Group

DSME aspires to be the world's best
heavy industry group who leads the
world shipbuilding and marine
engineering industry through
diversification into new businesses.

Differentiated Technology,
Professionalization of Research

We maximize technological synergy
through efficient use of the research
and development system and diversify
driving forces for future growth.

Past, Present and
Future of
DSME

We deliver lively DSME news for happier
days and a better tomorrow.

Bond

History of DSME's Credit Ratings

2012.05.29 2011.10.24 2010.06.30 2009.03.23 2005.02.04 2003.03.04
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.

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