LOTTE Rental Co., Ltd.: New issuer - Moody's Global Credit Research

LOTTE Rental Co., Ltd.: New issuer

LOTTE Rental Co., Ltd.: New issuer - Moody's Global Credit Research
LOTTE Rental Co., Ltd.: New issuer
Published Mar 28, 2024
11 pages (5558 words) — Published Mar 28, 2024
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Brief Excerpt:

...On 25 March 2024, we assigned a first-time Baa3 long-term foreign-currency issuer rating to LOTTE Rental Co., Ltd (LOTTE Rental). The Baa3 issuer rating reflects the company's established market position with a good franchise and strong operational track record; strong EBITDA interest coverage; and large unencumbered assets available for secured debt issuance as a source of liquidity. These strengths are counterbalanced by its exposure to inherent lease residual value (RV) risks as a rental company, although LOTTE Rental has a good track record of managing RV; its modest leverage; and industrywide intense competition, which constrains profitability....

  
Report Type:

Credit Opinion

Company:
Issuer
LOTTE Rental Co., Ltd.
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Moody's assigns Baa3 issuer rating to LOTTE Rental; outlook stable - Rating Action – 2024/03/25 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT...

Moody's assigns Baa3 issuer rating to LOTTE Rental; outlook stable (Korean) - Rating Action – 2024/03/25 – US$ 180.00 – MOODY'S INVESTORS SERVICE 7 (Corporations Act) section 761G " " . Moody's , . : Moody's , , , . (Second Party Opinions) (Moody's Investors Service Rating Symbols and Definitions ) ...

More from Moody's Global Credit Research

Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Cite this Report

  
MLA:
Moody's Global Credit Research. "LOTTE Rental Co., Ltd.: New issuer" Mar 28, 2024. Alacra Store. Apr 27, 2024. <http://www.alacrastore.com/moodys-credit-research/LOTTE-Rental-Co-Ltd-New-issuer-PBC_1402640>
  
APA:
Moody's Global Credit Research. (). LOTTE Rental Co., Ltd.: New issuer Mar 28, 2024. New York, NY: Alacra Store. Retrieved Apr 27, 2024 from <http://www.alacrastore.com/moodys-credit-research/LOTTE-Rental-Co-Ltd-New-issuer-PBC_1402640>
  
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