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(Photo= Yonhap news) |
[Alpha Biz= Reporter Kim Sangjin] On the 14th, international credit rating agency Moody's affirmed the 'Baa1' corporate credit ratings for both POSCO Holdings and POSCO, along with their senior unsecured bond ratings. Moody's also maintained a stable outlook for both entities.
Hwang Seon, a researcher at Moody's, highlighted that "POSCO Holdings' 'Baa1' credit rating is supported by its leading market position within the domestic steel industry, diversified product portfolio focusing on premium products, globally competitive cost structure, and strong asset base."
POSCO Holdings, as a holding company, owns 100% of POSCO, one of the largest steelmakers globally by production volume. Additionally, POSCO Holdings engages in various businesses through its subsidiaries, including natural gas exploration and development, trading, civil engineering and construction, power generation, and secondary battery materials.
This reaffirmation underscores Moody's confidence in POSCO Holdings' financial strength and strategic positioning within the global steel industry.
Alphabiz Reporter Kim SangJin(letyou@alphabiz.co.kr)
