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(Photo = Yonhap news) |
[Alpha Biz= Reporter Kim Jisun] Hanwha Life announced on the 1st that Fitch, the international credit rating agency, has upgraded its credit rating outlook from "Stable" to "Positive" for its A credit rating.
With this update, Hanwha Life has now seen its credit rating outlook raised by all six major credit rating agencies, including the three domestic agencies (Korea Ratings, Korea Investors Service, and NICE Investors Service) as well as the three global giants (Standard & Poor’s, Moody’s, and Fitch).
Fitch highlighted that Hanwha Life's portfolio, which is centered on protection products, has contributed to improving profitability and capital soundness. The agency also praised Hanwha Life’s strong channel competitiveness and brand image, driven by Hanwha Life Financial Services, which enhances the stability of its sales network.
Earlier this year, both Standard & Poor's (in March) and Moody's (in June) also upgraded Hanwha Life's credit rating outlook. This means that in 2024, all three major international credit rating agencies have now raised Hanwha Life's credit outlook. Additionally, the three major domestic credit rating agencies followed suit by upgrading Hanwha Life’s credit rating outlook in June.
AlphaBIZ Kim Jisun(stockmk2020@alphabiz.co.kr)
