S&P Gives South Korea’s Top Arms Maker an A
S&P said the stable outlook reflects Hanwha Aerospace’s 37 trillion won order backlog and growing exports to Europe and the Middle East.
3 Articles
3 Articles
S&P gives South Korea’s top arms maker an A
A South Korean defense company that was barely known outside Asia a decade ago has received the kind of financial endorsement that opens doors in the international capital markets, after S&P Global Ratings assigned Hanwha Aerospace an ‘A-‘ long-term issuer credit rating with a stable outlook on June 22, 2026, placing the maker of the […]
[Digital Daily Reporter Choi Min-ji] Hanwha Aerospace has become the first South Korean defense and aerospace company to obtain a global credit rating. Hanwha Aerospace announced on the 22nd that it received a credit rating of A- from the global credit rating agency Standard & Poor's (S&P). The A- rating is the same rating received by global defense contractors such as Lockheed Martin and BAE Systems. Global credit ratings are used as an indic…
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