NH Investment & Securities Maintains Hankyung Credit Rating at 'AA+ (Stable)'

[Asia Economy Reporter Kum Boryeong] NH Investment & Securities has received a credit rating of 'AA+ (Stable)' from Korea Ratings.

On the 17th, NH Investment & Securities announced that it received a credit rating of 'AA+ (Stable)' for its unsecured bonds and derivative-linked bonds in the regular evaluation conducted by Korea Ratings.

Previously, NH Investment & Securities was rated 'AA+ (Stable)', the highest credit rating among domestic securities firms, by domestic credit rating agencies such as Korea Ratings and Korea Investors Service.

By maintaining its existing credit rating this time, it is expected that future funding costs will be favorable, facilitating smoother capital procurement. Korea Ratings assessed that NH Investment & Securities possesses resilience to stress situations based on its conservative hedge operation tendencies and abundant liquidity buffer. Additionally, considering NH Financial Group's strong commitment to strengthening its non-bank sector and the importance of NH Investment & Securities within the group, the possibility of group support in emergencies was evaluated as very high.

Lim Gye-hyun, Head of Management Strategy at NH Investment & Securities, said, "This credit rating evaluation is a meaningful assessment amid liquidity concerns for mega investment banks (IBs). We will maintain sound management by thoroughly monitoring management and risk control."

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