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Korean Credit Trends 2003: Positive Ratings Momentum Continues but Economic Reforms, Consumer Credit Emerge as Concerns Dec 03 Product Image

Korean Credit Trends 2003: Positive Ratings Momentum Continues but Economic Reforms, Consumer Credit Emerge as Concerns Dec 03

  • Published: December 2003
  • Standard & Poors

FEATURED COMPANIES

  • GS Caltex Corp.
  • KCC Corp.
  • Korea Development Bank
  • Korean Reinsurance Co.
  • POSCO
  • SK Hynix Inc.
  • MORE

Abstract
The credit quality of Korean entities rated by Standard & Poor's generally remained on a positive trend in 2003, with upgrades outpacing downgrades by 12 to three as of December 22. However, the degree of improvement decelerated compared with 2002, which saw 32 upgrades and no downgrades. Standard & Poor's currently maintains credit ratings on 45 Korean entities. It also rates 15 securitizations of Korean domiciled assets. Korea's sovereign rating was last raised to 'A-' for long-term foreign currency obligations in July 2002. The outlook on the rating is currently stable. The strongest concerns for the sovereign rating stem from North Korea, both from a geopolitical risk perspective and from the potential fiscal burden that would follow reunification. In addition,...

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 READ MORE >

- Korea Exchange Bank
- Korea Development Bank
- Korea Electric Power Corp.
- Korea (Republic of)
- Shinhan Bank (Old)
- Export-Import Bank of Korea
- POSCO
- KT Corp.
- Samsung Electronics Co. Ltd.
- Seoul Metropolitan Government
- Standard Chartered Bank Korea Ltd.
- GS Caltex Corp.
- SK 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.
- Meritz Fire & Marine Insurance Co. Ltd.
- Samsung Fire & Marine Insurance Co. Ltd.
- Daegu Metropolitan City Government
- SK Hynix Inc.
- American Home Assurance Co. Korea Branch
- AIA International Ltd. Korea Branch
- Woori Bank
- Korea Deposit Insurance Corp.
- KCC Corp.
- Kia Motors Corp.
- KT&G Corp.
- Federal Insurance Co. Korea
- Korea Western Power Co. Ltd.
- Good Morning Shinhan Securities Co. Ltd.
- Korea Hydro & Nuclear Power Co. Ltd.
- Korea Southern Power Co. Ltd.
- Small Business Corp.
- Korea Exchange Bank Credit Service Co. Ltd.
- National Agricultural Cooperative Federation
- Hana Funding Ltd.
- Korea East-West Power Co. Ltd.
- Korea Midland Power Co. Ltd.
- Korea Expressway Corp.
- Korea Gas Corp.

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