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Hanwha Commercial Paper

Hanwha Corporate Bond

Commercial Paper Ratings

The commercial paper rating scale comprises six categories from A1 to D. The ratings from A2 to B may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the rating categories.

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Rating	Creditworthiness
A1	Capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances.
A2	Capacity for payment of financial commitments is strong, but somewhat less thanA1
A3	Capacity for payment of financial commitments is adequate, but somewhat vulnerable to adverse economic conditions or changes in circumstances
B	Capacity for payment of financial commitments may be moderate, but has speculative characteristics depending on near-term changes in circumstances
C	Capacity for payment of financial commitments is doubtful
D	Payment default on financial commitments

Corporate Bond Ratings

The corporate bond rating scale comprises 10 categories from AAA to D. The ratings from AA to CCC may be modified by the addition of a plus (+) or minus (-) sign to show relative standing within the rating categories.

회사채 신용등급 정의 표입니다.

Rating	Creditworthiness
AAA	Capacity for payment of financial commitments is exceptionally strong, and highly unlikely to be adversely affected by foreseeable changes in circumstances
AA	Capacity for payment of financial commitments is very strong, but somewhat less than AAA
A	Capacity for payment of financial commitments is strong, but somewhat vulnerable to adverse economic conditions or changes in circumstances
BBB	Capacity for payment of financial commitments is adequate, but more likely to be impaired by adverse economic conditions or changes in circumstances
BB	Capacity for payment of financial commitments may be moderate, but has speculative characteristics
B	Capacity for payment of financial commitments is weak and speculative, and its future stability is uncertain
CCC	Capacity for payment of financial commitments is subject to default risk, and as such possesses highly speculative characteristics
CC	Capacity for payment of financial commitments contains high possibility of default, and is more vulnerable to adverse economic conditions or changing circumstances than higher ratings
C	Capacity for payment of financial commitments contains extremely high possibility of default, with little chance of recovery
D	Payment default on financial commitments