Very high likelihood of support from the Korean government Adequate capitalization Improving asset quality in recent years Moderate market presence Below-average retail customer base Relatively high loan growth in recent years The stable outlook on Suhyup Bank reflects our view that the bank will maintain fairly stable asset quality and profitability, and has a very high likelihood of receiving government support over the next 18-24 months. We expect the bank's loan growth to be moderately high over the next few years, although we anticipate that it will continue to implement adequate underwriting standards with no significant concentration risks in certain obligors or industries. We could downgrade Suhyup if the bank's asset quality significantly weakens along with a sharp increase in
