S&P gives LG Energy Solution BBB+

S&P said it gave a BBB+ issuer rating to LG Energy Solution Ltd. ( LG EnSol) with a positive outlook.

“We equalize the rating on LG EnSol with that on LG Chem (BBB+/positive/--). This approach reflects our view that the company is a core subsidiary of the parent. We believe LG EnSol will continue to be a key subsidiary for the group's strategy. The battery business has been a major part of LG Chem's effort to diversify its earnings streams outside the commodity chemical industry. The group now has a big strategic focus to expand EV markets where it sees strong growth potential,” S&P said in a press release.

The positive outlook reflects the outlook on LG EnSol’s parent, the agency said.

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