Ratings On Four Korean Policy Banks Reviewed Under Revised Bank Criteria Dec 11

Standard & Poors, December 2011

Abstract
MUMBAI (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services said today that it has affirmed its ratings on four Korean policy banks after applying revised criteria for rating banks, which we published on Nov. 9, 2011, as well as existing criteria for rating government-related entities. The rating affirmations reflect our assessment of the stand-alone credit profiles of the banks and the likelihood of government support. For National Agricultural Cooperative Federation (NACF), we affirmed our 'A/A-1' ratings, reflecting the 'bbb+' anchor rating, NACF's "strong" business position, "moderate" capital and earnings, "moderate" risk position, and "above average" funding and "adequate" liquidity. The ratings on NACF benefit from three notches of uplift for "very high" likelihood of government support. For Industrial...

Companies mentioned in this report are: Korea Development Bank,Industrial Bank of Korea,National Agricultural Cooperative Federation,Suhyup Bank
Action: Affirmed

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Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Korea Development Bank,Industrial Bank of Korea,National Agricultural Cooperative Federation,Suhyup Bank

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