Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Woori Bank

Summary: Woori Bank

Published Nov 07, 2013

2067 words — Published Nov 07, 2013

Price US$ 225.00 | Buy this Report Now

About This Report

Abstract:

Strong market position as Korea's second-largest bank High likelihood of receiving government support Strong corporate banking business Relatively large exposure to risky sectors Moderate capitalization Relatively weak core earnings The stable outlook on Woori Bank reflects Standard&Poor's Ratings Services' view that potential credit risks remain manageable and the bank is likely to be able to maintain its current level of capitalization for the next 24 months. We believe Woori will likely manage a potential rise in credit costs with current preprovisioning profit levels amid a challenging operating environment, characterized by potential pressure on the quality of household debt and ongoing pressure on the credit quality of the real-estate and construction sectors, as well as the shipping and shipbuilding

Brief Excerpt:

RESEARCH Summary: Woori Bank Publication date: 07-Nov-2013 Primary Credit Analyst: HongTaik Chung, CFA, Hong Kong 85-2-2533-3597; hongtaik.chung@standardandpoors.com Secondary Contact: Cheul Soo Cho, CFA, Hong Kong (852) 2533 3559;...

Report Type:

Summary

Ticker

0003@KS

Issuer

Woori Bank

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Korea

Region

United States

Format:

PDF

Rating On Subordinated Tranche Of Woori Bank GMTN Program Lowered To 'BB+'; Senior Tranche, Sub-Debt Issues Affirmed – 2014/05/07 – US$ 150.00

Woori Bank's US$1 Billion Subordinated Bonds Rated 'BB+' – 2014/05/20 – US$ 150.00

Subordinated Tranche Of Woori Bank GMTN Program And Basel III Tier 2 Subordinated Bonds Upgraded To 'BBB-' – 2014/09/26 – US$ 150.00

Woori Bank – 2014/11/27 – US$ 500.00

Summary: Woori Bank – 2014/11/27 – US$ 225.00

Woori Bank – 2013/11/07 – US$ 500.00

Woori Bank's Senior Unsecured Samurai Bonds Rated 'A-' – 2013/01/30 – US$ 150.00

Bulletin: Ratings On Woori Bank And WFH Unaffected By Preliminarily Approved Spinoff Of Credit Card Business – 2013/01/18 – Free

Woori Bank – 2012/12/20 – US$ 500.00

Summary: Woori Bank – 2012/12/20 – US$ 225.00

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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Summary: Woori Bank" Nov 07, 2013. Alacra Store. May 12, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Woori-Bank-1214308>

APA:	S&P Global Ratings’ Credit Research. (). Summary: Woori Bank Nov 07, 2013. New York, NY: Alacra Store. Retrieved May 12, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Woori-Bank-1214308>

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