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[Alpha Biz=(Chicago) Reporter Paul Lee] Moody's, an international credit rating agency, maintained Naver's low credit risk and good credit status.

According to the financial investment industry and the information technology (IT) industry on the 19th, Moody's has given Naver a credit rating of 'A3' this year, following 2021. This is the top seven out of Moody's's credit ratings of 21. The credit rating outlook was presented as 'stable'.

Naver was the first Korean Internet company to obtain an A3 rating from Moody's in 2021 and received a credit rating "A-" from the international credit rating agency Standard & Poor's (S&P).

Yoo Wan-hee, vice president of Moody's, said, "The reaffirmation of the credit rating reflects the expectation that Naver will maintain solid financial indicators over the next 1∼2 years based on gradual profit growth and careful financial management."

Moody's explained in its report that the assessment took into account Naver's solid market status in the online service industry as the nation's leading search and e-commerce platform operator, and its business diversification and solid financial statements.

Moody's expects Naver to record organic growth of 8∼10% annually, except for one-off factors over the next two years, based on robust growth in e-commerce, content, and fintech in addition to its search platform business.

 

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