Moody's Ratings announced on September 30, 2024, that it has assigned a first-time Baa1 issuer rating to SAMSUNG E&A, a global energy industry solutions provider. The outlook for SAMSUNG E&A was determined as stable, reflecting its competitive market position and operating stability.
This rating is supported by SAMSUNG E&A's large order backlog, captive group works, and a strong balance sheet. Moody's also recognized the company's risk management system and differentiated business model based on innovation.
SAMSUNG E&A anticipates that obtaining this rating will lead to reduced financial costs when raising funds and improved competitiveness in winning new orders. This development underscores Moody's ongoing influence in assessing and validating the financial health of major global corporations.
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