S&P Global Ratings has revised its credit rating outlook for Samsung Electronics to 'positive' from 'stable,' while maintaining its 'AA-' long-term credit rating. The agency anticipates that Samsung's earnings will see sustained improvement over the next one to two years, positioning it as a primary beneficiary of the ongoing 'memory supercycle' fueled by artificial intelligence.
The upgrade is based on expectations of Samsung expanding its market share in high-bandwidth memory (HBM) and foundry services due to enhanced technological competitiveness amidst structural growth in the memory industry. Following the announcement, Samsung's shares surged for a second consecutive day, with an early trading gain of 5.79% on July 22, as the positive assessment from the rating agency further bolstered investor sentiment.