October 11, 2019 : Moody’s Investors Service (“Moody’s”) has assigned an A2 insurance financial strength rating (IFSR) to Construction Guarantee Cooperative (CG). The rating outlook is stable.
October 15, 2020 : Moody's has completed a periodic review of the ratings of CG [...]. CG's A2 IFSR reflects its well established franchise in its designated construction guarantee market in Korea, its strong capitalization relative to risk taken and its low exposure to high-risk assets.
CG has received an A2 rating from Moody's, which is one of the Big Three credit rating agencies, and the outlook is stable.
Moody's has assigned an A2 rating to CG in consideration of its well established franchise in its designated construction guarantee market in Korea, its strong capitalization relative to its risk taken, and its low exposure to high-risk asset.
CG's A2 rating is higher than the ratings of any other domestic construction guarantee institutions [i.e., KSCFC (Korea Specialty Contractor Financial Cooperative) and EGI (Engineering Guarantee and Insurance)] and is in the highest level compared to other non-life insurance companies.
October 7, 2020 : A.M. Best has affirmed the Financial Strength Rating of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-” of Construction Guarantee Cooperative (CG) (South Korea).
The outlook of these Credit Ratings (ratings) is stable.
CG has received an A+ (Superior) rating from A.M.Best, which is the world’s largest credit rating agency specializing in the insurance industry, and the outlook is stable.
A.M.Best has assigned an A+ rating to CG in consideration of its sound capital structure, superior position in the guarantee market for comprehensive construction industry and the key role performed within the construction industry, etc.
CG's A+ rating, the second highest within A.M.Best’s rating system, is the second highest rating among Korean non-life insurers. Among Asia-Pacific non-life insurers, only Samsung Fire and Tokyo Marine are rated higher than CG.