Samsung SDS Obtains Moody's Credit Rating 'A1'

[Asia Economy Reporter Buaeri] Samsung SDS announced on the 25th that it has obtained an A1 rating in the credit evaluation by the international credit rating agency Moody's.

Samsung SDS explained, "There are six global IT companies with higher ratings than ours, including Microsoft, Apple, and Accenture, and among domestic private companies, it is the second highest rating after Samsung Electronics."

Moody's evaluated Samsung SDS's strengths as the continuous growth prospects of the IT services market, a stable business structure and financial performance targeting external customers, including Samsung affiliates.

Moody's forecasted that as digital transformation of corporations and governments expands, Samsung SDS's IT services business will continue to grow, overcoming the COVID-19 situation and recording a pre-tax operating profit (EBITA) of 10-11% in 2021-2022.

Samsung SDS Vice President An Jung-tae stated, "We will actively promote digital transformation business centered on five major IT strategic businesses: cloud transition, intelligent manufacturing, AI and data analysis, cybersecurity, and enterprise solutions, to further enhance corporate value."