Credit rating agency Rating and Investment Information (R&I) announced on Oct. 21 that it has raised Samsung C&T’s credit rating to A from its previous A-.
R&I positively evaluated the company for its Engineering & Construction Group rapidly expanding its overseas operations with a firm policy of carefully selecting regions and fields. It also noted the Trading & Investment business for its good risk management.
Samsung C&T was rated “A-Stable” in 2015 after the merger of its four business groups – Engineering & Construction, Trading & Investment, Fashion and Resort. Based on sound fiscal health alongside profitable growth the company was upgraded to “A-Positive” last year and was again promoted to “A-Stable” this year.
Tokyo-based R&I is considered one of the world’s most influential credit ratings agencies. For the rating, the agency assesses a wide range of individual factors, including a company’s financial stability, profitability and corporate governance. The rating also reflects future expectations factoring in risks to the economy generally as well as to individual industries.