Yuanta Securities Achieves First 'AA' Long-Term Credit Rating... Highest Level Ever

First Entry into AA Rating... Easier Fundraising Expected
3Q Operating Profit 52.3 Billion Won... Achieving Record Quarterly Performance

[Asia Economy Reporter Minwoo Lee] Yuanta Securities has achieved its highest-ever long-term credit rating of 'AA-/Stable.' This is expected to enable more stable fundraising and enhance external credibility.

Yuanta Securities announced on the 24th that it received a long-term credit rating of 'AA-/Stable' from Korea Ratings, one of the three major domestic credit rating agencies. Previously, it held an 'A+/Positive' rating.

'AA-' is the highest level, including during the Dongyang Securities era. It has been six years since it first reached an A rating (A-/Stable, effective rating) immediately after joining the Yuanta Financial Group in June 2014.

The rating symbol AA, which includes the long-term credit rating 'AA-,' is the second-highest level in the domestic credit rating system and definition standards. It indicates a very high certainty of principal and interest payments and a low likelihood of being affected by foreseeable future environmental changes.

Korea Ratings cited strengthened business fundamentals, excellent financial soundness maintenance, favorable performance, and liquidity responsiveness as reasons for the rating upgrade. Previously, Yuanta Securities recorded significant net losses in 2013 and 2014. After being incorporated from Dongyang Group into Taiwan's Yuanta Financial Group, it gradually recovered its business capabilities and succeeded in turning a profit in 2015. Since then, it has maintained a profit streak for 19 consecutive quarters. In the third quarter of this year, it recorded an operating profit of 52.3 billion KRW on a consolidated basis, achieving the highest quarterly performance since the company name changed to Yuanta Securities.

A Yuanta Securities official stated, "If we receive the same rating from multiple credit rating agencies in the future and are recognized with a valid credit rating, it will positively impact not only the actual business capabilities but also the company's fundraising based on increased external credibility, further improving financial stability."

This content was produced with the assistance of AI translation services.