That said, capital and earnings may have some volatility because of the vulnerability of CIG's guarantee business to domestic economic downturns. The stable outlook reflects our view that the insurer will maintain its niche position as a guarantee cooperative for plant and mechanical construction companies in Korea over the next two years. In our view, the insurer's excellent capitalization will support its business growth prospects over the period. New capital contributions by its member companies and prudent investment allocations will back its capital strength. We see a moderately high likelihood of extraordinary support from the Korean government, if needed, over the next two years. This reflects CIG's important policy role in supporting the plant and mechanical construction industry in Korea
