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Hankook gets first-time rating from Moody’s and S&P

Hankook gets first-time rating from Moody’s and S&P

International credit rating agencies, Moody’s and Standard & Poor’s (S&P) have rated Hankook Tire for the first- time.  The company was given Baa2 and BBB ratings, which is in the same category as other Multi-National Corporations (MNC) such as Marriott, Ford and Fedex. These agencies have recognised that Hankook Tire has a high level of operational efficiency, as evidenced by its robust profitability and low financial leverage, the company said.

Hankook Tire’s brand value through the steady growth of sales of the Ultra High Performance Tires (UHPT) and its premium Original Equipment (OE) supply were also taken into consideration, Hankook said in a statement.

“The ratings prove our effort as a global leading tyre company. Based on our innovative technology, Hankook Tire will continue to do its best to pioneer into a technological leader and to lead future driving,” said Seung Hwa Suh, Vice Chairman and CEO, Hankook Tire.

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