HOME > Financial Information > Credit Ratings As of Aug, 2007 Classification Agency Corporate Bond Commercial Paper Domestic KR AA-   KIS AA- A1 NICE AA- A1 Oversea Moody's Baa3 (Stable)   S&P BBB- (Stable)   Classification Moody's S&P KIS KR NICE L/T S/T L/T S/T L/T S/T L/T S/T L/T S/T Investment Grade Aaa P-1 AAA A-1+ AAA A1 AAA A1 AAA A1 Aa P-2 AA A-1 AA A2 AA A2 AA A2 A P-3 A A-2 A A3 A A3 A A3 Baa   BBB A-3 BBB   BBB   BBB   Investable Grade Ba NP BB B BB B BB B BB B B   B C B C B C B C Caa   CCC D CCC D CCC D CCC D Ca DD CCC   CC   CC   CC   C   CCC   C   C   C       D   D   D   D   Rating Definition Commercial Paper A1 The ability of repayment on proper time is the best and stability of repayment ability is the best A2 The ability of repayment on proper time is outstanding, but stability is inferior to A1 to some extent A3 The ability of repayment on proper time is satisfactory, but stability is inferior to A2 to some extent B The ability of repayment on proper time is proper, but potential speculative factors exist in the stability depending on short-term changes in circumstances C Various speculative factors exist in the ability of repayment on proper time and stability of repayment ability D Incapable of repayment Corporate Bond AAA Principle amount payment ability is the best AA Principle amount payment ability is very outstanding but inferior to AAA to some extent A Principle amount payment ability is outstanding but a potential drop of efficiency exists in future principle amount BBB Principle amount payment ability is satisfactory but a potential drop of efficiency exists in future principle amount payment ability depending on economic circumstances and aggravation of surrounding situations BB No current problem exists regarding principle amount payment, but potential speculative factors exist regarding future stability of repayment ability B Speculative outlook due to lack of principle amount payment ability and interest payment is uncertain in case of economic slump CCC Insecure state regarding currently insecure principle amount payment and very speculative outlook due to possibility of unfulfillment of obligatory debt repayment CC More insecure compared to superior grades C High possibility of unfulfillment of obligatory debt repayment and no ability of principle amount payment D Under situation of unfulfillment of obligatory debt repayment and bankruptcy