On Dec. 10, 2024, the Doosan group cancelled its planned reorganization that would have involved the transfer of Doosan Enerbility Co. Ltd. (DE)'s 46% stake in Korea-based Doosan Bobcat Inc. (DBI) to Doosan Robotics Inc. (DR). The cancellation significantly reduces the risk of increased negative intervention by the parent and a potential change in financial policy that was the primary reason for our CreditWatch placement. We affirmed our 'BB+' long-term issuer credit and issue credit ratings on DBI. At the same time, we removed the ratings from CreditWatch, where they were placed with negative implications on July 17, 2024. The stable outlook reflects our expectation that DBI will maintain solid credit metrics over the next one to two years despite
