Korean Credit Quality Surges in 2005 Dec 05

  • ID: 1831016
  • December 2005
  • Standard & Poors
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  • Citibank Korea Inc.
  • Hyundai Motor Co.
  • Kia Motors Corp.
  • Korea Development Bank
  • Korean Reinsurance Co.
  • Shinhan Bank (Old)
  • MORE

The rising trend for ratings on Korean companies rated by Standard & Poor's Ratings Services continued in 2005, with 20 upgrades of corporations and financial institutions compared with zero downgrades. Upgrades almost doubled from the 11 in 2004, while downgrades fell from one. Ratings were raised on four Korean corporations, 14 financial institutions, and two sovereign-related and public institutions. The positive trend in credit quality in Korea was also reflected in the upgrade of the sovereign's foreign currency ratings in July. In calculating the number of upgrades and downgrades, only the action at the most senior level is considered when rating changes simultaneously affect a parent and its subsidiaries. In 2005, as ratings on sixteen public entities were changed at...

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Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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- KEB Hana Bank
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Shinhan Bank (Old)
- Export-Import Bank of Korea
- Seoul Metropolitan Government
- Standard Chartered Bank Korea Ltd.
- GS Caltex Corp.
- Shinhan Bank
- Kookmin Bank
- SK Telecom Co. Ltd.
- Industrial Bank of Korea
- Hyundai Marine & Fire Insurance Co. Ltd.
- Hyundai Motor Co.
- Korean Reinsurance Co.
- LIG Insurance Co. Ltd.
- Daegu Metropolitan City Government
- SK Hynix Inc.
- Woori Bank
- Korea Deposit Insurance Corp.
- Kia Motors Corp.
- Korea Hydro & Nuclear Power Co. Ltd.
- Small Business Corp.
- Citibank Korea Inc.
- National Agricultural Cooperative Federation
- Hana Bank
- Woori Finance Holdings Co. Ltd.
- Korea Expressway Corp.
- Korea Land Corp.
- Korea National Housing Corp.
- Korea Rail Network Authority
- Korea Water Resources Corp.
- Suhyup Bank

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