Samsung SDS Receives Credit Rating of A1 from Moody’s
+ Samsung SDS’s stable business structure and financial outcomes were highly valued
+ Solid growth is forecast thanks to the growing digital transformation of companies and government agencies
Moody's, an international credit rating agency, assigned A1 ranking to Samsung SDS.
According to Moody’s, Samsung SDS’s strengths are continued growth prospects in the IT service market, a stable business structure, and its financial performance from external and internal businesses, including Samsung affiliates. In particular, with sufficient liquidity and financial solvency, Samsung SDS’s current credit rating looks stable, Moody’s added.
Moody’s also forecasts that Samsung SDS’s IT service business will continue growing following the spread of the digital transformation of companies and governments, and that Samsung SDS’s EBITA* for 2021 and 2022 will be 10 to 11% even amid COVID-19.
*EBITA: Earnings before interest, taxes, and amortization
Samsung SDS has secured a system to support all digital transformation phases from customers’ digital level diagnosis to digital transformation master planning to implementation. It also has competitive cloud-based digital transformation engines and solutions that were developed by leveraging its core technologies, ABCDS*
*ABCDS: AI, Blockchain, Cloud, Data Analytics, Security
Jung-Tae Ahn, EVP & CFO of Samsung SDS said, “Moody’s credit rating will serve as an opportunity for us to foster trust with our investors at home and abroad for Samsung SDS’s continued growth. Samsung SDS will even more aggressively pursue the digital transformation business with a focus on five strategic IT businesses (cloud migration, intelligent manufacturing, AI/data analysis, cybersecurity, and enterprise solutions) to further upgrade our corporate value.”