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Welcome to the Hankook Tire press room, where you can access the latest news on Hankook Tire and our industry.

Welcome to the Hankook Tire press room, where you can access the latest news on Hankook Tire and our industry.
Date08/16/2017 Hits26,649

CategoryCorporate

Hankook Tire assigned first-time Baa2, BBB rating from Moody’s and S&P respectively

  • - The investment grade of Baa2, BBB rating reflects Hankook Tire’s strong position as a global premium tire brand

August 16, 2017 (Seoul, Korea) – Leading global tire company Hankook Tire (CEO Seung-Hwa Seo), announced today that the company has been assigned first-time for Baa2, BBB ratings from the international credit rating agencies, Moody’s and S&P (Standard & Poor’s), respectively.

Rating agencies have recognized that Hankook Tire has a high level of operational efficiency as evidenced by its robust profitability and low financial leverage. Hankook Tire’s solid financial structure based on a prudent financial policy, its brand value through the steady growth of the Ultra High Performance Tires’ (UHPT) sales and premium OE supply were also taken into consideration. Hankook Tire’s first-time rating of Baa2, BBB is in the same rating category where other Multi-National Corporations (MNC) such as Marriott, Ford and Fedex were assigned by Moody’s and S&P.

Mr. Seung Hwa Suh, Vice Chairman & CEO of Hankook Tire said, “The ratings we received today means a lot for us, proving our effort as a global leading tire company. Based on our innovative technology, Hankook Tire will continue to do our best to pioneer into a technological leader and to lead future driving.”

Meanwhile, Hankook Tire presented Hankook Technodome, a R&D center (Research and Development center), in October 2016, to strengthen its global R&D capabilities and create a new level of technology leadership and quality competitiveness. As a result of Hankook Tire’s efforts to fulfill its social responsibilities, the company has become the first Korean tire company to be recognized as a global top-tier sustainability management company by being incorporated with the ‘2016 Dow Jones Sustainability Index World’, a global sustainability evaluation and social responsibility investment index.


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