Good market position based on a strong business franchise, which contributes to a stable funding base. Still moderate, but improving risk management skills. Below-average profitability and capitalization at the holding company level Risks stemming from the deteriorating credit profiles of some SMEs and households, as well as the bank's exposure to a few large corporations with relatively weak financial profiles. In view of the typical convergence of business risks that occur among subsidiaries of a common holding company, the ratings on Woori Bank take into consideration the collective credit profiles of Woori Finance Holding Co. Ltd.'s (WFH) major operating subsidiaries. Supporting factors for the ratings on Woori are its good market position, which helps it maintain a satisfactory net interest
