[Alpha Biz=(Chicago) Reporter Paul Lee] Nice Credit Rating said on the 14th that it will raise the credit ratings of secondary battery companies EcoProBM and EcoPro.

NICE Investors Service assessed Ecoprobm's long-term credit rating as 'A' and 'stable' and raised its short-term credit rating from 'A2-' to 'A2'.

Ecopro's credit rating has also risen from 'A-positive' to 'A-stable' and from 'A2-' to 'A2' in the short term.

NICE Investors Service explained that it raised its credit rating in consideration of high earnings growth and stable business base.

In the case of EcoproBM, the company's debt ratio was 180.6% and its dependence on sequential deposits was 34.3% due to large-scale facility investment, including KRW 455.8 billion in 2022 and KRW 590.9 billion as of September last year.

 

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