DL Construction Maintains 'A-' Credit Rating for Four Consecutive Terms

DL Construction announced on the 5th that it received an 'A- (Stable)' rating from Korea Ratings and Korea Investors Service, two major domestic credit rating agencies, on the 28th of last month. With this, DL Construction has maintained the credit rating of 'A-' for four consecutive years.

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Korea Ratings stated in its report, "Following the merger of Samho and Goryeo Development, the market position has improved and the business scale has expanded," and added, "It is expected to maintain an excellent financial structure based on low debt burden and sound business stability."

Last year, DL Construction's total assets amounted to 1.9836 trillion KRW, approaching the 2 trillion KRW mark. During the same period, the debt ratio was recorded at 92.8%, and cash equivalents stood at 723.3 billion KRW, maintaining high financial soundness. It is also analyzed that the increased possibility of support from the affiliate, such as DL E&C, the parent company holding 100% of DL Construction's shares, and sharing the 'e-Pyeonhansesang' brand, contributed to the credit rating upgrade.

A DL Construction official said, "It is significant that we have maintained the A- rating for four consecutive years despite the recently deteriorated business conditions," and added, "We will strive to maintain stable business operations and financial soundness amid difficulties through thorough risk management."

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