Ratings On Woori Bank, Woori Finance Holdings Affirmed; Outlooks Revised To Negative - S&P Global Ratings’ Credit Research

Ratings On Woori Bank, Woori Finance Holdings Affirmed; Outlooks Revised To Negative

Ratings On Woori Bank, Woori Finance Holdings Affirmed; Outlooks Revised To Negative - S&P Global Ratings’ Credit Research
Ratings On Woori Bank, Woori Finance Holdings Affirmed; Outlooks Revised To Negative
Published Apr 11, 2008
Published Apr 11, 2008
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

HONG KONG (Standard&Poor's) April 11, 2008--Standard&Poor's Ratings Services today affirmed its 'A-/A-2' ratings on Woori Bank (Woori), and its 'BBB/A-2' ratings on Woori Finance Holdings Co. Ltd. (WFH), as well as its ratings on Woori's senior unsecured, subordinated and hybrid debt, and its commercial paper (CP). At the same time, Standard&Poor's revised its outlook on the long-term credit ratings on Woori and WFH to negative from stable. The ratings affirmation reflects our belief that the bank should maintain its satisfactory financial risk profile, backed by its strong asset quality and modest capitalization for the current ratings level, despite the industry-wide risks that lie ahead, including its large exposure to the fragile residential property development

  
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 Adobe Acrobat
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Woori Bank – 2008/06/23 – US$ 500.00

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MLA:
S&P Global Ratings’ Credit Research. "Ratings On Woori Bank, Woori Finance Holdings Affirmed; Outlooks Revised To Negative" Apr 11, 2008. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Woori-Bank-Woori-Finance-Holdings-Affirmed-Outlooks-Revised-To-Negative-642251>
  
APA:
S&P Global Ratings’ Credit Research. (). Ratings On Woori Bank, Woori Finance Holdings Affirmed; Outlooks Revised To Negative Apr 11, 2008. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Ratings-On-Woori-Bank-Woori-Finance-Holdings-Affirmed-Outlooks-Revised-To-Negative-642251>
  
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