[Moody's Assigns SK Hynix an A-Grade Rating for the First Time, Boosted by AI Storage Boom] BlockBeats News, August 4: International credit rating agency Moody's has, for the first time, upgraded SK Hynix's credit rating to the A-grade range, reflecting the company's enhanced competitiveness in the artificial intelligence storage market, as well as improvements in profitability and cash generation capabilities. On the previous day, Moody's raised SK Hynix's long-term issuer rating and senior unsecured bond rating by one notch, from 'Baa1' to 'A3,' with a 'stable' outlook. Since SK Hynix became part of the SK Group in 2012, this marks the first time the company has received an A-grade rating from Moody's, making it the first of the three major international credit rating agencies to assign SK Hynix an A-grade rating. Currently, S&P and Fitch both rate SK Hynix at 'BBB+,' with S&P's outlook as 'positive' and Fitch's outlook as 'stable.' Moody's expects SK Hynix to maintain strong profitability and cash generation capabilities over the next 12 to 18 months, with further improvements in its financial position. Moody's also noted that the company has accumulated sufficient cash reserves, strengthening its ability to withstand the risks of a downturn in the semiconductor cycle. [Original Link]