The Military Mutual Aid Association Rated Best Company for 15 Consecutive Years... Credit Rating AAA

[Asia Economy Reporter Park So-yeon] The Military Mutual Aid Association announced on the 8th that it received the 'Corporate Credit Rating Grade e-1 (AAA)' in the 2021 corporate credit evaluation for submission to the Public Procurement Service and public institutions from the credit rating agency NICE D&B. With this, it has maintained the 'highest credit rating' for 15 consecutive years since 2007.

NICE D&B stated in the corporate credit rating certificate that "the transaction creditworthiness of the Military Mutual Aid Association is 'e-1', indicating the highest level of commercial performance capability."

The Military Mutual Aid Association will maintain the corporate credit rating grade 'e-1' for one year until April 6, 2022. This 'Corporate Credit Rating Certificate for submission to the Public Procurement Service and public institutions' with the corporate credit rating grade 'e-1' is a grade applied for bidding and transaction creditworthiness verification at the Public Procurement Service and other public institutions, and is equivalent to the AAA credit rating for corporate bonds.

Meanwhile, the Military Mutual Aid Association achieved a net profit of 150.3 billion KRW last year, marking its best performance since the global financial crisis. The total assets of the Military Mutual Aid Association increased by 1.1179 trillion KRW compared to the previous year to 12.6958 trillion KRW, and capital surplus increased by 274.6 billion KRW to 738.2 billion KRW. The reserve ratio was maintained at 108.5%, indicating that its financial structure has become more sound in terms of growth, profitability, and stability.

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