Woori Bank's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A-' - S&P Global Ratings’ Credit Research

Woori Bank's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A-'

Woori Bank's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A-' - S&P Global Ratings’ Credit Research
Woori Bank's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A-'
Published Jan 12, 2016
3 pages (977 words) — Published Jan 12, 2016
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

HONG KONG (Standard&Poor's) Jan. 12, 2016--Standard&Poor's Ratings Services today said that it has assigned its 'A-' rating to Woori Bank's (Woori; A-/Stable/A-2) proposed U.S. dollar-denominated senior unsecured notes. The notes will be drawn down from the bank's US$7 billion global medium-term note program. The rating on the unsecured debt is subject to final documentation. Woori intends to use the bond proceeds mainly for the bank's general corporate purposes. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of the issuer. They will rank pari passu with all other unsecured and unsubordinated obligations of the issuer. RELATED CRITERIA AND RESEARCH Related Criteria Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Related Research Woori Bank, Nov. 19,

  
Brief Excerpt:

...HONG KONG (Standard & Poor's) Jan. 12, 2016--Standard & Poor's Ratings Services today said that it has assigned its 'A-' rating to Woori Bank's (Woori; A-/Stable/A-2) proposed U.S. dollar-denominated senior unsecured notes. The notes will be drawn down from the bank's US$7 billion global medium-term note program. The rating on the unsecured debt is subject to final documentation. Woori intends to use the bond proceeds mainly for the bank's general corporate purposes. The notes will constitute direct, unconditional, unsubordinated, and unsecured obligations of the issuer. They will rank pari passu with all other unsecured and unsubordinated obligations of the issuer. RELATED CRITERIA AND RESEARCH Related Criteria + Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Related Research + Woori Bank, Nov. 19, 2015 + Banking Industry Country Risk Assessment: Korea, June 10, 2015 A Korean-language version of this media release is available via spratings.co.kr or via Standard & Poor's CreditWire...

  
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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Woori Bank's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A-'" Jan 12, 2016. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Woori-Bank-s-Proposed-U-S-Dollar-Denominated-Senior-Unsecured-Notes-Rated-A-1560254>
  
APA:
S&P Global Ratings’ Credit Research. (). Woori Bank's Proposed U.S. Dollar-Denominated Senior Unsecured Notes Rated 'A-' Jan 12, 2016. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Woori-Bank-s-Proposed-U-S-Dollar-Denominated-Senior-Unsecured-Notes-Rated-A-1560254>
  
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