SAMSUNG E&A

SAMSUNG E&A (formerly Samsung Engineering), a total solutions provider for the global energy industry, announced today that it received an excellent rating from Moody’s Ratings (Moody’s), one of the top three credit rating agencies globally.

SAMSUNG E&A announced on the 30th of September 2024, that it received a first-time Baa1 issuer rating from Moody’s. SAMSUNG E&A outlook was determined as stable.

"SAMSUNG E&A’s Baa1 rating primarily reflects its competitive market position, operating stability from its large order backlog and captive group works, as well as its strong balance sheet and the likelihood of group support in case of need," said Mic Kang, a Moody's Vice President and Senior Credit Officer. In addition, SAMSUNG E&A’s risk management system and differentiated business model based on innovation also served as positive factors in obtaining this rating.

SAMSUNG E&A expects that obtaining this rating will result in reduced financial costs when raising funds and improved competitiveness in winning orders.

A SAMSUNG E&A spokesperson said, “The significance of obtaining a private monitored issuer rating from Moody’s for the first time means that a global rating agency has recognized not only our stable financial structure but also the company’s potential for sustainable growth,” adding, “We will continue to enhance the company’s value by enhancing our business competitiveness and stable financial management.”