• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
S&P Assigns BB+ Rating To Korea-Based Shinhan Bank's Proposed Hybrid Tier I Securities Feb 05 Product Image

S&P Assigns BB+ Rating To Korea-Based Shinhan Bank's Proposed Hybrid Tier I Securities Feb 05

  • Published: February 2005
  • Standard & Poors

Abstract
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

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 READ MORE >

Shinhan Bank (Old),Shinhan Bank

Format Properties
Electronic The report will be emailed to you.
Note: Product cover images may vary from those shown
More

RELATED PRODUCTS