Korean Air's rating outlook upgraded; 4,000won in bonds draw attention

Korean Air, consolidated under the leadership of Hanjin Group Chairman Cho Won-tae, expanded its scale after acquiring Asiana Airlines. The company emphasized improvements in performance during and after the integration. The integration process is confirmed by the company's management announcements and disclosures.

Korea Ratings recently maintained the credit ratings on the unsecured bonds of Korean Air and Hanjin KAL at “A” and “A-,” respectively. The rating outlooks were changed from “Stable” to “Positive.” The change in rating outlook is confirmed in Korea Ratings' rating announcement.

A “Positive” rating outlook indicates the possibility of a credit rating upgrade within the next 1to2 years. The credit rating agency stated the meaning in its rating outlook document. The document was published alongside the rating announcement.

Korean Air has scheduled a demand forecast for early next month, for up to 4,000hundred million won in public bonds. According to the company’s disclosure, the bonds are being issued to repay short-term borrowings and strengthen operating funds. The demand forecast schedule is confirmed by the company’s disclosure.

The change in Korea Ratings’ rating outlook and the public bond schedule are aligned with the company’s funding schedule. Both disclosures were officially announced during 5the month. Further details are available in the company’s disclosures and the credit rating agency’s announcement.

Further disclosures related to this announcement and the schedule are available in materials from the company and the credit rating agency. Investors should review the disclosed materials directly. The report was compiled based on announcements from the company and the credit rating agency.