Woori Bank Outlook Revised To Positive On Improved Asset Quality; 'A/A-1' Ratings Affirmed

We expect Woori to maintain its strengthened risk management as evidenced by its improved asset quality and credit costs. We also believe the bank and its parent group will likely maintain their adequate capital buffer despite their increasing growth appetite for nonbanking business. We are revising the outlook on Woori to positive from stable. At the same time, we are affirming the 'A' long-term and 'A-1' short-term issuer credit ratings on the bank. The positive outlook reflects our view that Woori and the parent group will likely sustain their strengthened risk management while maintaining their adequate capitalization over the next 18-24 months. HONG KONG (S&P Global Ratings) June 24, 2019--S&P Global Ratings today revised its outlook on Woori Bank to

...June 24, 2019 - We expect Woori to maintain its strengthened risk management as evidenced by its improved asset quality and credit costs. - We also believe the bank and its parent group will likely maintain their adequate capital buffer despite their increasing growth appetite for nonbanking business. - We are revising the outlook on Woori to positive from stable. At the same time, we are affirming the 'A' long-term and 'A-1' short-term issuer credit ratings on the bank. - The positive outlook reflects our view that Woori and the parent group will likely sustain their strengthened risk management while maintaining their adequate capitalization over the next 18-24 months. HONG KONG (S&P Global Ratings) June 24, 2019--S&P Global Ratings today revised its outlook on Woori Bank to positive from stable. At the same time, we affirmed our 'A' long-term and 'A-1' short-term issuer credit ratings as well as all the outstanding issue ratings on the Korea-based bank. We revised the outlook because...

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