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Taihan Cable & Solution's Dangjin plant. (Photo provided by Daehan Electric Wire) |
[Alpha Biz= Reporter Kim Jisun] On the 28th, Taihan Cable & Solution announced that it has been upgraded to an 'A Stable' corporate credit rating by NICE Credit Rating. This upgrade comes two years after receiving an 'A-' rating from Korea Ratings in 2022.
NICE Credit Rating stated, "Taihan Cable & Solution maintains its market position through decades of supply experience, proven stability, and operational efficiency. The company is also expanding its product lineup, including 500kV-class submarine cables." They further explained, "Taihan Cable & Solution is deemed to have high business stability, supported by diversified demand sources based on a wide range of products."
The agency also noted, "With the expansion of orders from power authorities and utilities in the United States, Europe, the Middle East, and other regions, sales growth is expected to continue. The fluctuation in copper prices is easily reflected in the product sales prices, maintaining stable operating profitability."
Additionally, Korea Ratings recently evaluated Taihan Cable & Solution with an 'A- Positive' rating. While the grade remained the same, the outlook was upgraded from 'Stable' to 'Positive'.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
