LG CNS (CEO Hyun Shin-kyun) has received a credit rating of ‘AA Stable’ from the three major credit rating agencies in Korea. The rating has been upgraded from the previous ‘AA- Positive’ rating.
Korea Ratings adjusted LG CNS’s credit rating to ‘AA Stable’ on June 4th. Prior to this, Korea Credit Rating and NICE Credit Rating made the same adjustment on May 8th and 19th, respectively. In December of last year, all three agencies had adjusted their outlook to ‘Positive’, and this latest adjustment comes six months later.
The credit rating agencies cited LG CNS’s competitive bidding capability, sales growth, business stability, and financial soundness as reasons for the rating upgrade. Since 2018, LG CNS has consistently recorded increasing sales.
The company has accumulated technical expertise in various fields such as AI, cloud, smart factory, logistics, and data centers, targeting major clients. Business experience across the financial, manufacturing, telecommunications, and public sectors has been analyzed as contributing to competitive bidding capability and business stability.
In the first quarter of 2025, LG CNS’s revenue in the AI and cloud sectors was 717.4 billion KRW. This is a 30.1% increase from the same period of the previous year and accounts for about 59% of total sales.
The operating profit margin has been steadily increasing since 2020. The debt ratio is also continually decreasing, indicating an improvement in the financial structure.
LG CNS stated that the upgrade in credit rating is a comprehensive recognition of its technical prowess, business stability, and financial soundness. The company plans to continue growth based on performance and financial stability in the future.