Hankook Recognized by Moody’s and S&P
Hankook Tire benefits from Baa2 and BBB ratings.
Hankook Tire has announced its first-ever investment grade of Baa2 and BBB from international credit rating agencies Moody’s and S&P (Standard & Poor’s), respectively.
The ratings, which place Hankook Tire in the same category as multi-national corporations like Marriott, Ford and FedEx, recognize the tire manufacturer’s high level of operational efficiency, profitability and low financial leverage.
“The ratings we received mean a lot for us, proving our effort as a global leading tire company,” said Seung Hwa Suh, Vice Chairman & CEO, Hankook Tire. “Based on our innovative technology, Hankook Tire will continue to do our best to pioneer into a technological leader and to lead future driving.”