- Language: English
- 80 Pages
- Published: December 2011
- Region: South Africa
S&P Assigns BB+ Rating To Korea-Based Shinhan Bank's Proposed Hybrid Tier I Securities Feb 05
- Published: February 2005
- Standard & Poors
TOKYO (Standard & Poor's) Feb. 18, 2005--Standard & Poor's Ratings Services today assigned its 'BB+' rating to Shinhan Bank's (BBB/Positive/A-2) proposed hybrid Tier I securities. The differential between the counterparty credit rating on Shinhan and the proposed securities reflects: -- The possibility that, in certain circumstances, the bank may be prohibited from making, or may have the option to skip, interest payments on the securities; -- Other terms and conditions of the subordinated securities; and -- The overall financial status of Shinhan. The securities have both optional and mandatory conditions that either allow or obligate the bank to skip interest payments on the securities. If the bank and its subsidiaries neither pay nor take measures to pay dividends on their...
Companies mentioned in this report are: Shinhan Bank (Old),Shinhan Bank
Action: New Rating
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Research type: News
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Shinhan Bank (Old),Shinhan Bank
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