Woori Financial Capital Co. Ltd. (WFC) plays an integral role in Woori Financial Group Inc.'s (WFG) strategy to diversify its business structure and strengthen its nonbanking businesses. As a core subsidiary of WFG, WFC is likely to receive extraordinary support from the group under any foreseeable circumstance. We assigned our 'A-' long-term and 'A-2' short-term issuer credit ratings to WFC, a Korea-based finance company. The stable outlook on WFC reflects our view that the parent group will maintain its creditworthiness and strong commitment of support to the company for the next 18-24 months. On Sept. 12, 2024, S&P Global Ratings assigned its 'A-' long-term and 'A-2' short-term issuer credit ratings to WFC. The outlook on the long-term rating is stable.
