*This content was translated by AI.
DL E&C has maintained its 'AA-(Stable)' credit rating, the highest level in the construction industry, from major domestic credit rating agencies NICE Credit Information and Korea Enterprise Development Agency (KED), and further secured the top commercial paper grade of A1 from Korea Credit Rating.
On the 8th, DL E&C stated that it was recognized for having financial stability at the highest level in the construction industry, based on improved cost ratios and stable cash generation capabilities.
NICE Credit Information cited DL E&C's diversified business portfolio, strong competitive advantage, and solid business foundation as key strengths. It particularly forecasted a steady performance trend, driven by profitability recovery due to cost ratio improvements in the housing sector, smooth cash generation, and excellent financial stability.
Korea Enterprise Development Agency (KED) also highly evaluated DL E&C's business stability, based on its competitiveness within the market and rich construction experience.
Both credit rating agencies that assessed corporate bond credit ratings noted in common that improved cost ratios are leading to performance recovery. They also assessed that financial capacity has been further strengthened. In particular, KED evaluated that DL E&C maintains net cash at a level of 1.3 trillion won, securing sufficient financial capacity, and possesses a financial structure capable of flexibly responding to market volatility based on stable cash generation capabilities.
A DL E&C official, speaking via telephone with this newspaper, said, "This credit rating evaluation is the result of our solid business foundation and financial management capabilities being recognized once again by major domestic credit rating agencies."
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*This content was translated by AI.
