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Credit Ratings
MOODY'S
| Rating | Outlook | Latest Update | Website |
|---|---|---|---|
|
A2 |
Stable |
November 8, 2022 |
- November 8, 2022 : Moody's Investors Service has affirmed the A2 insurance financial strength rating (IFSR) of Construction Guarantee Cooperative (CG). The outlook on CG remains stable.
Major rating achievements
- 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.
Fitch Ratings
| Rating | Outlook | Latest Update | Website |
|---|---|---|---|
|
A |
Stable |
24 Nov, 2022 |
- 24 Nov, 2022 : Fitch Ratings has affirmed South Korea-based Construction Guarantee's (CG) Insurer Financial Strength (IFS) Rating at 'A' (Strong). The Outlook is Stable.
Major rating achievements
- CG has received an A rating from Fitch Ratings, which is one of the Big Three credit agencies, and the outlook is stable.
- Fitch Ratings has assigned an A rating to CG in consideration of its firm market position, sound equity base and strong support from the government, etc.
- CG's A rating is higher than or equal to the ratings of major domestic banks and is the highest among domestic construction guarantee institutions.
AM BEST
A.M. BEST
| Rating | Outlook | Latest Update | Website |
|---|---|---|---|
|
A+ |
Stable |
October 6, 2022 |
- October 6, 2022 : A.M.Best has affirmed the Financial Strength Ratings of A+ (Superior) and the Long-Term Issuer Credit Rating of “aa-”(Superior) of Construction Guarantee Cooperative (CG) (South Korea). The Outlook of these Credit Ratings (ratings) is Stable.
Major rating achievements
- 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.