NH Securities garners AA+
NH Investment & Securities said on April 17 that the company garnered the highest scores from the Korea Ratings, one of the leading rating agencies here.
The Seoul-based brokerage said that the Korea Ratings had recently offered it AA+ for its non-guaranteed bonds and derivative-linked bonds.
Two other major ratings companies of the country have also maintained the top ratings for NH, the company said.
The measure is expected to help NH Investment to secure funds more easily and cheaply.
The announcement came at a time when Moody’s threatened to check whether to degrade the ratings of the country’s six big brokerage houses.
“We will continue to put forth efforts to improve our management while taking good care of risks so that we will be able to keep faring well,” an NH official said.
NH Investment was launched in 2006 when Sejong Securities was incorporated into the National Agricultural Cooperate Federation, otherwise known as Nonghyup.
Currently, CEO Jeong Young-chae heads the Seoul-based brokerage, whose largest shareholder is NH Financial Group. Its stake is 76.09 percent.