...December 17, 2021 - We have reviewed our ratings on Korea-based Woori Bank and the group's Hong Kong-based core subsidiary Woori Global Markets Asia Ltd. (WGMA) under our revised criteria. - We affirmed the 'A+' long-term and 'A-1' short-term issuer credit ratings on Woori Bank and WGMA. - The outlooks on the long-term ratings remain stable. HONG KONG (S&P Global Ratings) Dec. 17, 2021--S&P Global Ratings today affirmed its issuer credit ratings on Woori Bank and WGMA. Our outlooks on the long-term ratings remain stable. We also affirmed the issue ratings on Woori Bank and its branch, and the ratings on the senior unsecured notes that Woori Bank guarantees. The affirmations follow a revision to our criteria for rating banks and nonbank financial institutions and for determining a Banking Industry Country Risk Assessment (BICRA) (see "Financial Institutions Rating Methodology," and "Banking Industry Country Risk Assessment Methodology And Assumptions," published Dec. 9, 2021). Our assessment...
