KT&G Achieves Highest 'AAA' Rating from Korea's Top 3 Corporate Credit Rating Agencies

The Only Private Company Excluding Financial and Telecom Firms
Highly Rated for Business Stability and Financial Soundness

KT&G announced on the 29th that it has obtained the highest rating of ‘AAA (Stable)’ from the three major domestic corporate credit rating agencies: Korea Ratings, Korea Investors Service, and NICE Investors Service.

After receiving the corporate credit rating (ICR) ‘AAA’ from Korea Ratings on the 25th, KT&G consecutively obtained ‘AAA’ ratings from Korea Investors Service and NICE Investors Service. Among domestic private companies excluding financial institutions and telecommunications companies, KT&G is the only company to have received the corporate credit rating ‘AAA’.

The credit rating agencies assessed KT&G’s business stability as very excellent based on the high market position of its major business divisions. They highly evaluated the company’s solid domestic market dominance through its long business history and strong brand recognition, as well as its overseas business in heated tobacco and electronic cigarettes.

Additionally, with plans for shareholder returns such as dividend payments and share buybacks, as well as investments to expand domestic and overseas production facilities, it is expected that KT&G will continue to smoothly respond to funding needs through stable cash generation and maintain excellent financial stability.

A KT&G official stated, “Amid the difficult business environment for companies due to increased domestic and international uncertainties such as recent interest rate hikes, KT&G’s achievement of the highest ‘AAA’ rating from the three credit rating agencies is recognition of the company’s stability and profitability externally,” and added, “We will continue to do our best to maintain a stable financial structure based on our excellent credit rating.”

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