OK Capital, Unsecured Bond Credit Rating Upgraded to 'A-'

Kim In-hwan, CEO of OK Capital
[Photo by OK Financial Group]

[Asia Economy Reporter Song Seung-seop] OK Capital's unsecured bond credit rating has been raised to ‘A-’.

On the 28th, according to OK Financial Group, Korea Ratings and Korea Investors Service upgraded OK Capital's unsecured bond credit rating from ‘BBB+ (positive)’ to ‘A- (stable)’. Each credit rating agency forecasted improvements in capital adequacy and liquidity indicators, while profitability and soundness are expected to be maintained.

An unsecured bond is a bond issued by a company based on its own creditworthiness. It must be evaluated by two or more credit rating agencies to be issued.

OK Capital expects an expansion of business capabilities and realization of profits. They explained that the credit rating enhances the safety of fundraising and lowers costs, enabling the establishment of a stable profit structure.

Kim In-hwan, CEO of OK Capital, emphasized, “OK Capital will continue to develop through portfolio diversification and securing a stable profit base.”

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