Doosan Bobcat

Doosan Bobcat has been acknowledged for its business stability and excellent profitability in its first domestic credit rating evaluation.

Doosan Bobcat Inc. announced on June 5th that it received an AA- (Stable) Issuer Credit Rating for corporate credit from Korea Ratings. This is the first time Doosan Bobcat has earned a corporate credit in Korea.

Korea Ratings assigns an AA rating to companies with excellent credit status and very low risk of default. Doosan Bobcat was recognized for its top-tier global market position, high level of brand awareness, and stable profitability, earning an AA rating in its first assessment.

As of the end of last year, Doosan Bobcat recorded an EBITDA margin of 13% and a debt-to-equity ratio of 74%. As a leading brand in the North American compact equipment market, it has been operating a stable business with an average annual sales growth of 15% and operating profit growth of 18% over the past five years.

A Doosan Bobcat official stated, “Receiving an AA- (Stable) rating in our first domestic corporate credit evaluation has significantly strengthened our external credibility. With this foundation in place, we will further solidify our business competitiveness through balanced capital management despite market uncertainties by diversifying our funding options.”