S&P Maintains Samsung Electronics' Long-Term Credit Rating at 'AA-'
International credit rating agency Standard & Poor's (S&P) announced on the 27th that it will maintain Samsung Electronics' long-term and short-term issuer credit ratings at 'AA-' and 'A-1+', respectively. The rating outlook was presented as 'stable.'
S&P forecasted that Samsung Electronics will continue solid operating performance over the next 2 to 3 years, supported by a favorable memory semiconductor market, improved display panel product mix, and strong demand for various electronic products.
It also projected a high likelihood that Samsung Electronics will engage in mergers and acquisitions (M&A) to foster new businesses such as automotive electronics by utilizing substantial cash reserves over the next 1 to 2 years.
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S&P explained, "If Samsung Electronics strengthens the global market position of its major business units and successfully nurtures new businesses like the automotive electronics sector to improve the level of business diversification, it could upgrade its credit rating."
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