Hanwha Aero Secures S&P 'A-' Rating

*This content was translated by AI.

Hanwha Aerospace has received an 'A-' credit rating from Standard & Poor's (S&P).

This marks the first time a domestic defense and aerospace company has obtained a global credit rating. An 'A-' rating from S&P signifies that the entity is a "safe and reliable investment target." Among global defense companies, only Lockheed Martin and BAE Systems have received an 'A-' rating. S&P also assessed Hanwha Aerospace's future credit rating outlook as "stable."

Furthermore, S&P noted that Hanwha Aerospace plays a crucial role in South Korea's national security and, with a record-high order backlog (approximately 37 trillion won as of the end of 2025), expects continued stable revenue growth and improved profitability.

A Hanwha official, speaking to this newspaper by phone, stated, "Building on this S&P credit rating acquisition, we will strengthen our global competitiveness across defense, aerospace, and aviation."

Mr. A, who operates an asset boutique in Yeouido, said, "Hanwha is emphasizing the stability and value of Hanwha Aero through this S&P rating adjustment. In practical terms, this is interpreted as one of the signals indicating that Hanwha has entered the bidding war to acquire KAI (Korea Aerospace Industries)." He added, "They have succeeded in attracting the attention of the capital market."

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*This content was translated by AI.