[Featured Stock] POSCO International Rises 4% on News of First Global Credit Ratings from S&P and Others

POSCO International is showing strong performance. The news that it received its first-ever credit ratings from global credit rating agencies Standard & Poor's (S&P) and Moody's appears to have positively influenced its stock price.

As of 1:58 PM on the 29th, POSCO International is trading at 55,700 KRW, up 4.90% (2,600 KRW) from the previous trading day.

On this day, POSCO International announced that it received a BBB+ rating from S&P and a Baa2 rating from Moody's, with both agencies assigning a 'Stable' outlook on the credit ratings.

POSCO International explained that its strengths in steel trading and power generation businesses, diversified portfolio including steel, energy, food, biomaterials, and driving motor cores, as well as stable growth in EBITDA based on business performance, were key factors in this credit evaluation.