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CREDIT RATING

Kobirate International Credit Rating and Corporate Governance Service Inc. (18 April 2019)
| Long Term National Local Credit Rating | Short Term National Local Credit Rating | Outlook |
|---|---|---|
| KR BBB+ | KR A-3 | Stable |
Rating Definition:
* KR BBB+: Means average credit quality of the rated liabilities and borrowers in comparison to other debts and borrowers. Ability to perform financial obligations is high while risk to be affected by adverse economic conditions is also high.** KR A-3: Represents an average credit quality of rated borrowers and debts in comparison to other borrowers and debts.
*** Stable: No change is expected.
