TOKYO (Standard&Poor's) Oct. 26, 2007—Standard&Poor's Ratings Services today revised its outlook on the financial strength and long-term counterparty credit ratings on Dongbu Insurance Co. Ltd. (Dongbu) from stable to positive to reflect the company's improving capitalization and profitability. At the same time, Standard&Poor's affirmed its 'BBB+' financial strength and long-term counterparty credit ratings on the company. Dongbu's capitalization, which is slightly strong for its current ratings level, should continue to improve in line with the insurer's improving profitability and adequate risk management over the next few years. Profitability improvements will likely be supported by a stabilized loss ratio in the auto line, a decreased burden from the long-term savings premium reserve for fixed interest
