This report does not constitute a rating action. ALAC--Additional loss-absorbing capacity. CRA--Comparable ratings analysis. GRE--Government-related entity. ICR--Issuer credit rating. SACP--Stand-alone credit profile. Overview Key strengths Key risks Very high likelihood of extraordinary government support, if needed. Modest market presence. Adequate capital buffer. Weaker retail customer base than major domestic peers'. Record of risk management Relatively high exposure to real estate project financing when compared with major commercial banks'. The bank provides financial aid to fisheries by issuing policy loans, and indirectly by providing financial support in the form of dividends and brand usage fees to its parent, National Federation of Fisheries Cooperatives (NFFC). We expect Suhyup to maintain a very strong link with the government. This is based on the
