Hanwha Aerospace Earns A- S&P Rating, First for Korean Defense

Hanwha Aerospace received a long-term issuer credit rating of A- with a stable outlook from S&P Global Ratings, becoming the first Korean defense company to earn a global investment-grade credit rating. S&P cited the expansion of weapon system exports to Europe and the Middle East, rapid supply capabilities, NATO compatibility, and a record-high order backlog of 37 trillion won as of end-2025. The rating places Hanwha alongside major global defense primes and is expected to facilitate direct fundraising in overseas debt markets.