S&PCORRECT:Kookmin, Korea Exchange Bank Upgraded; Outlooks on Three Other Korean Banks to Pos Jan 02
- ID: 1831490
- January 2002
- Standard & Poors
(Editor's Note: The ratings list at the end of this press release, originally published Jan. 17, 2002, misstated the rating on Korea Exchange Bank's junior subordinated debt. The correct rating on Korea Exchange Bank's junior subordinated debt is 'B-'. A corrected version follows.) TOKYO (Standard & Poor's) Jan. 17, 2002--Standard & Poor's today raised its long- and short-term counterparty ratings on Korea's Kookmin Bank to triple-'B'-minus and 'A-3' from double-'B'-plus and single-'B', respectively. The outlook on the long-term rating is positive. Standard & Poor's also raised its long-term counterparty rating on Korea Exchange Bank to double-'B'-minus from single-'B'-plus and affirmed its single-'B' short-term rating on the bank. The outlook on the long-term rating is stable. In addition, Standard & Poor's...
Companies mentioned in this report are:
- Kookmin Bank
- Korea Exchange Bank
- Shinhan Bank (Old)
- Standard Chartered Bank Korea Ltd.
- Shinhan Bank
Action: Various Rating Actions
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Research type: News
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