Hanwha Aerospace Receives 'A-' Credit Rating from S&P Global Ratings
Hanwha Aerospace has obtained an 'A-' long-term issuer credit rating with a stable outlook from S&P Global Ratings. This rating, the company's first from a global agency, places it alongside major defense firms, enhancing its ability to secure funding in international debt markets.
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S&P Global Ratings assigned Hanwha Aerospace a long-term issuer credit rating of 'A-' with a stable outlook, marking its initial global rating. The firm is the first Korean defense and aerospace company to achieve this status, allowing for direct fundraising in overseas debt markets.
S&P highlighted the potential growth of Hanwha's core defense platforms, including the K9 howitzer and Chunmoo rocket launcher, amidst rising global defense spending. The company's record order backlog of approximately 37 trillion KRW ($24 billion) as of 2025 underpins expected revenue growth.
In 2025, Hanwha Aerospace achieved consolidated revenues of 26.7 trillion KRW and operating profit of 3.09 trillion KRW, driven by defense growth and shipbuilding consolidation. The rating enhances the company's credibility with global investors, supporting its expansion plans in the international defense sector.
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