HUG Achieves Top Corporate Credit Rating AAA for 10 Consecutive Years

The Housing and Urban Guarantee Corporation (HUG) announced on the 26th that it received the highest corporate credit rating (ICR) of AAA from Korea Investors Service.

Since 2012, HUG has consecutively obtained the AAA rating for 10 years from the three major domestic credit rating agencies (Korea Credit Rating, Korea Investors Service, and NICE Investors Service).

HUG is a public enterprise based on the Housing and Urban Fund Act, providing housing-related guarantees such as pre-sale guarantees and jeonse deposit return guarantees. In this evaluation, it received high marks for business stability and financial soundness.

Kwon Hyung-taek, President of HUG, stated, "HUG has achieved the highest corporate credit rating for 10 consecutive years, recognizing its financial soundness and external credibility as a specialized institution for housing finance and guarantees, as well as the dedicated operator of the Housing and Urban Fund."

He added, "During the previous real estate boom, the accident rate was relatively low, resulting in a stable financial structure. However, as risks such as the COVID-19 pandemic and tapering increase economic slowdown risks, we will conduct thorough risk management going forward," emphasizing, "Based on a stable financial structure, we will provide various financial services related to housing and urban development."

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