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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https://en.infomaxai.com/news/articleView.html?idxno=96989
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.

Yonhap Infomax
SK Advanced has been downgraded to 'BBB+' by Korea Investors Service after four consecutive years of operating losses, as oversupply and weak margins in the propylene market continue to pressure the company's financials and debt ratios.
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https://en.infomaxai.com/news/articleView.html?idxno=69308
After Four Years of Losses—SK Advanced Downgraded to 'BBB+' Credit Rating

SK Advanced has been downgraded to 'BBB+' by Korea Investors Service after four consecutive years of operating losses, as oversupply and weak margins in the propylene market continue to pressure the company's financials and debt ratios.

Yonhap Infomax