Standard & Poor’s placed Hanwha TotalEnergies’ ‘BBB-’ credit rating on negative watch, citing persistent global oversupply, weak earnings outlook, and intensifying competition, with a downgrade possible if performance fails to improve.
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S&P Places Hanwha TotalEnergies’ ‘BBB-’ Credit Rating on Negative Watch
Standard & Poor’s placed Hanwha TotalEnergies’ ‘BBB-’ credit rating on negative watch, citing persistent global oversupply, weak earnings outlook, and intensifying competition, with a downgrade possible if performance fails to improve.
SK Advanced and Hanwha TotalEnergies have ramped up private perpetual bond issuances to bolster capital amid a deepening petrochemical slump, with debt ratios soaring and credit ratings downgraded. The Bank of Korea warns of persistent liquidity risks as market-based borrowings remain high in the sector.
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SK Advanced Issues Private Perpetual Bonds Again Within a Month Amid Prolonged Petrochemical Downturn
SK Advanced and Hanwha TotalEnergies have ramped up private perpetual bond issuances to bolster capital amid a deepening petrochemical slump, with debt ratios soaring and credit ratings downgraded. The Bank of Korea warns of persistent liquidity risks as market-based borrowings remain high in the sector.
Hanwha TotalEnergies Faces Downgrade to 'Junk' Status—Assessing the Impact
Moody’s downgraded Hanwha TotalEnergies to junk status, citing weak petrochemical markets; immediate impact is limited, but prolonged downgrade could raise funding costs and liquidity risks despite new hybrid bond issuance and support from TotalEnergies.
Hanwha TotalEnergies Faces Downgrade to 'Junk' Status—Assessing the Impact
Moody’s downgraded Hanwha TotalEnergies to junk status, citing weak petrochemical markets; immediate impact is limited, but prolonged downgrade could raise funding costs and operational risks.
S&P Revises Hanwha TotalEnergies Credit Outlook to Negative—Faces Risk of Junk Status
Standard & Poor’s revised Hanwha TotalEnergies’ credit outlook to negative, citing industry headwinds and weak earnings, raising the risk of a downgrade to junk status.
South Korean petrochemical joint ventures Yeochun NCC and Hanwha TotalEnergies saw their corporate bonds trade at significant premiums over market averages, reflecting investor concerns over governance and shareholder support amid industry downturns and mounting losses.
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135bp Over-the-Curve Trades—Investor Sentiment Wavers on Petrochemical JV Corporate Bonds
South Korean petrochemical joint ventures Yeochun NCC and Hanwha TotalEnergies saw their corporate bonds trade at significant premiums over market averages, reflecting investor concerns over governance and shareholder support amid industry downturns and mounting losses.
Hanwha TotalEnergies' credit outlook was downgraded to 'Negative' at 'AA-' by Korea Ratings and NICE Investors Service, citing ongoing losses and industry headwinds, while SK geo centric also faced a similar outlook cut.
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Hanwha TotalEnergies Outlook Cut to 'Negative' at 'AA-' by Credit Agencies
Hanwha TotalEnergies' credit outlook was downgraded to 'Negative' at 'AA-' by Korea Ratings and NICE Investors Service, citing ongoing losses and industry headwinds, while SK geo centric also faced a similar outlook cut.
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