Moody's Ratings assigns first-time A3 issuer rating to KT&G; outlook stable
Moody's Ratings (Moody's) has assigned a first-time A3 issuer rating to KT&G Corporation (KT&G). The outlook is stable. RATINGS RATIONALE "KT&G's A3 rating primarily reflects its long-held dominant position in Korea's tobacco market, stable earnings and low financial leverage. The company's good...KT&G is engaged in the manufacture and sale of tobacco products. Co. produces three main types of cigarettes: i) 84 millimeter long cigarettes, ii) 100 millimeter long cigarettes, and iii) slim cigarettes which have a smaller diameter than regular cigarettes. Co. produces different brands of cigarettes including "PINE", "ESS", "CARNIVAL", "ZEST","CIMA", "THE ONE", and "BOHEM". Co., through its subsidiary Korea Ginseng Co., Ltd., produces red ginseng products. In addition, Co. sells red ginseng-based products including tablets, capsules, extracts and tea packets containing granulated ginseng.
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