Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Woori Bank

Korea-Based Woori Bank's Unsecured Notes Upgraded to 'A-'

Published Sep 28, 2005

668 words — Published Sep 28, 2005

Price US$ 150.00 | Buy this Report Now

About This Report

Abstract:

TOKYO (Standard&Poor's) Sept. 29, 2005--Standard&Poor's Ratings Services said today that it had raised its rating on Woori Bank's (A-/Stable/A-2) proposed US$500 million senior unsecured fixed rate notes to 'A-' from 'BBB+'. The notes are to be drawn down from a US$4 billion MTN program. Standard&Poor's assigned its 'BBB+' rating to the notes on Sept. 16, 2005. In view of the typical convergence of risks that occur among subsidiaries of a common holding company, the ratings on Woori take into consideration the collective credit profiles of Woori Financial Group (WFG), which includes Woori Finance Holdings Co. Ltd. (WFH; BBB/Stable/A-2) and other subsidiaries. "A supporting factor for the ratings on Woori is WFG's possession of the

Brief Excerpt:

RESEARCH Korea-Based Woori Bank's Unsecured Notes Upgraded to 'A-' Publication date: 28-Sep-2005 TOKYO (Standard & Poor's) Sept. 29, 2005--Standard & Poor's Ratings Services said today that it had raised its rating on Woori Bank's (A-/Stable/A-2)...

Report Type:

Ratings Action

Ticker

0003@KS

Issuer

Woori Bank

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Korea

Region

United States

Format:

PDF

Research Update: Korea's Woori Bank Upgraded to 'A-' Reflecting Government Support – 2005/09/29 – US$ 225.00

Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-' – 2005/11/22 – US$ 150.00

Woori Bank's Lower Tier II Subordinated Notes Rated 'BBB+' – 2006/04/19 – US$ 150.00

Woori Bank's Senior Unsecured Notes Rated 'A-' – 2006/08/29 – US$ 150.00

Woori Bank – 2007/02/27 – US$ 500.00

Korea-Based Woori Bank's US$500 Million Unsecured Fixed-Rate Notes Rated 'BBB+' – 2005/09/15 – US$ 150.00

Woori Bank – 2005/07/14 – US$ 500.00

Summary: Woori Bank – 2005/07/14 – US$ 225.00

Research Update: Woori Bank Assigned 'C+' Bank Fundamental Strength Rating – 2005/07/11 – US$ 225.00

Korea-based Woori Bank's US$300 Million Unsecured Fixed Rate Notes Rated 'BBB' – 2004/11/23 – US$ 150.00

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author

Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Korea-Based Woori Bank's Unsecured Notes Upgraded to 'A-'" Sep 28, 2005. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Korea-Based-Woori-Bank-s-Unsecured-Notes-Upgraded-to-A-465910>

APA:	S&P Global Ratings’ Credit Research. (). Korea-Based Woori Bank's Unsecured Notes Upgraded to 'A-' Sep 28, 2005. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Korea-Based-Woori-Bank-s-Unsecured-Notes-Upgraded-to-A-465910>

US$ 150.00

$ £ €

Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

Example Report

Click to View Sample Report

More Research

Search all our Residential Mortgage-Backed Securities from one place.