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Korea Exchange Bank on Watch Positive as Sale to Private Sector Looms Jul 03 Product Image

Korea Exchange Bank on Watch Positive as Sale to Private Sector Looms Jul 03

  • ID: 1751422
  • July 2003
  • Standard & Poors

FEATURED COMPANIES

  • Commerzbank AG
  • Korea Exchange Bank
  • MORE

Abstract
TOKYO (Standard & Poor's) July 25, 2003--Standard & Poor's Ratings Services today placed its 'BB' long-term counterparty credit ratings on Korea Exchange Bank (KEB) on CreditWatch with positive implications due to the increased likelihood that KEB's capitalization will be strengthened by sales of new stock to a potential buyer. The 'B' short-term rating on KEB was affirmed. As KEB has confirmed that negotiations with a potential buyer are under way, the probability of a change in the bank's ownership is assessed as higher. "The direction of negotiations between KEB, shareholders, and the potential buyer will be clearer within the next few months," said Standard & Poor's credit analyst Young Il Choi. Although the media has reported Lone Star as the...

Companies mentioned in this report are:
- Korea Exchange Bank
- Commerzbank AG
- Export-Import Bank of Korea

Action: On CreditWatch:Positive

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

- Korea Exchange Bank
- Commerzbank AG
- Export-Import Bank of Korea

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