DL E&C

DL E&C Garners Top-Level grade of AA- in the Industry as its First Credit Rating 

DL’s new company building, D Tower Donuimun building
The financial stability and growth of DL E&C (former Daelim) were rated highly as the company acquired its first credit rating in the construction industry after the company division. DL E&C announced on March 9 that it received a credit rating of AA- and a stable rating outlook from Korea Ratings and Korea Investors Service, two of the top three Korean credit rating agencies.
 

Korea Ratings and Korea Investors Service assessed DL E&C as a company with excellent business stability based on its top market position in the construction industry and large balance of orders. According to them, the company has secured excellent financial structure; they expect DL E&C to maintain the current level of financial stability. They gave DL E&C the same credit rating they gave to Daelim, the pre-division company, despite the former being a new company.
 

Launched as a holding company in January 2021, DL Holdings plans to focus on and foster new growth engines by devising growth strategies in each field with a concentration of group capabilities including construction, petrochemical, and energy. DL E&C plans to revolutionize productivity by combining innovative digital technologies with the construction industry and develop into a developer-centered total solution company. With the top-level credit rating it acquired and its premium brand power, DL E&C has laid the foundation for promoting various developer businesses with optimized financing expenses.
 

DL E&C recorded KRW 10.2650 trillion in sales and KRW 1.1781 trillion in operating profit last year based on pre-division. Amid the continuing tough business situation due to COVID-19, the construction business played a pivotal role in achieving record-high operating profit by posting KRW 741.3 billion in separate operating profit. Especially the housing business showed the highest profit ratio in the industry and became the source of profitability. DL E&C has set its business targets as KRW 7.8 trillion in sales, KRW 830 billion in operating profit, and KRW 11.5 trillion in new orders this year.