Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-' - S&P Global Ratings’ Credit Research

Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-'

Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-' - S&P Global Ratings’ Credit Research
Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-'
Published Nov 22, 2005
Published Nov 22, 2005
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

TOKYO (Standard&Poor's) Nov. 22, 2005--Standard&Poor's Ratings Services today assigned its 'A-' rating to Woori Bank's (A-/Stable/A-2) proposed Euro US$300 million senior unsecured floating-rate notes. The securities will have a five-year maturity and are to be priced and drawn down from the bank's US$4 billion global MTN program. In view of the typical convergence of risks that occur among subsidiaries of a common holding company, the ratings on Woori take into consideration the collective credit profiles of Woori Financial Group (WFG), which includes Woori Finance Holdings Co. Ltd. (WFH; BBB/Stable/A-2) and other subsidiaries. "A supporting factor for the ratings on Woori is WFG's possession of the third-largest banking branch network among Korea's commercial banking groups. This market

  
Report Type:

Ratings Action

Ticker
0003@KS
Issuer
Woori Bank
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Korea
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-'" Nov 22, 2005. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Woori-Bank-s-Euro-300-Million-Unsecured-Floating-Rate-Notes-Rated-A-476520>
  
APA:
S&P Global Ratings’ Credit Research. (). Woori Bank's Euro $300 Million Unsecured Floating-Rate Notes Rated 'A-' Nov 22, 2005. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Woori-Bank-s-Euro-300-Million-Unsecured-Floating-Rate-Notes-Rated-A-476520>
  
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