I Received positive evaluations for its diverse business portfolio, stable cash flow, and sound financial indicators
I Established the groundwork for expanding its overseas operations
On August 27th, POSCO INTERNATIONAL (CEO Lee Kye-In) established a foundation for enhancing its overseas business by receiving excellent evaluations from the global credit rating agencies such as Standard & Poor’s (S&P) and Moody’s.
S&P assigned a credit rating of BBB+, while Moody’s rated it Baa2, with both agencies expecting a stable outlook for the credit rating.
This recognition reflects the agencies’ positive assessment of POSCO INTERNATIONAL’s strong market position, diverse business portfolio, and sound financial indicators. Particularly, POSCO INTERNATIONAL excels in steel trading and power generation, supported by a diversified portfolio that includes steel, energy, agro, biomaterials, and traction motor cores, as well as stable growth of EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization).
These global credit ratings were strategically acquired by the general trading company, POSCO INTERNATIONAL, to further strengthen its overseas business, making it the third instance among the domestic POSCO Group companies, following POSCO Holdings and POSCO.
Besides, a credit rating of BBB- or higher from S&P indicates an “investment-grade rating,” meaning POSCO INTERNATIONAL’s BBB+ rating is an outstanding achievement that exceeds the standard, placing it on par with major domestic companies such as LG Energy Solution, LG Chem, and Hyundai GLOVIS.
By acquiring these global credit ratings, the company aims to ▲enhance its reputation and corporate image in the global market, ▲diversify its funding sources through overseas bond issuance, ▲increase collaboration opportunities with various international partners, and ▲strengthen its financial stability and market competitiveness as a foundation for growth on the world stage.
“We achieved these credit ratings because our capabilities were recognized at the international level,” a POSCO INTERNATIONAL official said. “We will continue to strive to enhance corporate value based on financial stability and a solid revenue structure.”
