HYBE, home to BTS, obtained its first credit rating.
HYBE said on the 10th that Korea Ratings assigned it an A+ (stable) rating, citing "excellent business stability" and "very strong financial stability."
Korea Ratings said "rapid top-line growth and diversification through a multi-label system, and the expansion of an indirect participation–type revenue base such as the Weverse platform, contributed to stronger stability."
It also noted that "stability is very high based on excellent operating cash generation and a virtually debt-free structure." In particular, it said, "while maintaining growth through artist portfolio diversification and revenue expansion, absolute profit-generation capability also remains solid."
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