We expect Mirae Asset Daewoo Co. Ltd. to sustain both its strong market presence in Korea and adequate capital buffer to support its business growth. We believe the company will likely maintain a stable funding and liquidity profile that is backed by its efforts to diversify funding sources, maintain an adequate liquidity monitoring system, and sustain highly liquid collaterals for its sizable securities lending and borrowing businesses in the U.S. On April 12, 2019, S&P Global Ratings assigned our 'BBB' long-term and 'A-2' short-term issuer credit ratings to Mirae Asset Daewoo. The stable outlook on Mirae Asset Daewoo reflects our view that the company will maintain its current capitalization as well as funding and liquidity profiles in the coming one
