Hanshin Engineering & Construction announced on the 24th that it maintained a ‘BBB0’ credit rating for non-guaranteed private placement bonds in a regular credit evaluation conducted by Korea Ratings, while upgrading the rating outlook from ‘negative’ to ‘stable.’
This outlook upgrade is interpreted as a result of the market's positive assessment of Hanshin Engineering & Construction's stable financial management and management improvement efforts.
This is expected to serve as an opportunity to further increase the potential for a credit rating upgrade in the future.
Looking at Hanshin Engineering & Construction's 2024 settlement of account, operating profit has increased more than 2.5 times, recovering profitability. The liability ratio also improved by over 30%, dropping to 196%.
Additionally, factors such as a stable order portfolio and cash flow significantly influenced this rating outlook adjustment.