Daelim Rated Baa2 by Moody’s, BBB by S&P
Daelim’s Yeosu Polybutene Plant taking pride in being No. 1 in global market share
Daelim was rated Baa2 by Moody’s and BBB by S&P on July 19. It is the first among Korean construction companies to receive international credit ratings from the world’s top two credit rating agencies. S-Oil and SK Hynix got the same credit grade in Korea. “I deliver my heartfelt thanks to all executives and employees of the Construction Business Division and Petrochemical Business Division, which collaborated for a short period of 3 months to prepare for the credit rating,” said Financial Mgt Office Manager Park Sung-woo, who endeavored for Daelim to receive international credit rating, in his appreciation email to executives.
Daelim’s D Tower, which has positioned itself as a landmark in Gwanghwamun
“To sustain achievements in line with the credit rating, we need to achieve key indicators such as profits, liabilities, and cash flows continuously,” he added. He mentioned 3 major things to do: First, the Construction Business Division needs to secure profit creation sources through highly profitable orders while maintaining the current profitability; Second, the Petrochemical Business Division should lay the foundation for stable earnings through differentiation of quality, cost, and technology, which can be the key competitiveness; Lastly, the Financial Mgt Office should maintain a conservative financial basis and do its best to verify investment plans and continue optimal fund procurement on the precondition of cash flow burden minimization.
