Three Major Korean Credit Rating Agencies Simultaneously Upgrade LG CNS Credit Rating

Sales Growth Driven by Order Competitiveness Recognized
AI and Cloud Revenue Up 30% in Q1

LG CNS has received a simultaneous upgrade of its credit rating to 'AA' from the three major domestic credit rating agencies.

On June 4, Korea Investors Service upgraded LG CNS's credit rating by one notch from 'AA- Positive' to 'AA Stable.' Prior to this, Korea Ratings and NICE Investors Service also raised their ratings to the same level on May 8 and May 19, respectively. This comes six months after all three credit rating agencies revised their outlooks from 'AA- Stable' to 'AA- Positive' for the first time in 15 years in December of last year.

The credit rating agencies cited LG CNS's sales growth driven by order competitiveness, solid business stability, and an excellent financial structure as the reasons for the upgrade. LG CNS's revenue has been steadily increasing since 2018.

In addition, LG CNS has been conducting business with large clients across various sectors, including artificial intelligence (AI), cloud, smart factory, smart logistics, and data centers.

The agencies also evaluated that LG CNS has secured order competitiveness and business stability through its diversified business execution experience across a wide range of industries, including finance, manufacturing, telecommunications, and the public sector. Based on this, the company has met the demand for AI and digital transformation in the domestic IT market and achieved revenue growth.

In the first quarter of 2025, LG CNS's AI and cloud revenue reached KRW 717.4 billion, marking a 30.1% increase compared to the same period last year and accounting for approximately 59% of total revenue, establishing itself as a key growth driver. The credit rating agencies also analyzed that LG CNS's operating margin has been steadily rising since 2020, and its debt ratio has been gradually decreasing, indicating continuous improvement in its financial structure.

An LG CNS representative stated, "This credit rating upgrade is a comprehensive recognition of LG CNS's technological expertise, business competitiveness, and sound financial structure," adding, "We will continue to pursue sustainable growth based on solid performance and financial stability."