- Language: English
- Published: October 2012
Woori Finance Holdings Co. Ltd. Aug 08
- Published: August 2008
- Standard & Poors
Strong market position as Korea's leading financial group Satisfactory capitalization Relatively strong corporate banking business Potential credit risks posed by economic slowdown Revenue structure biased toward net-interest income Relatively large exposure to residential property development The ratings on Woori Finance Holdings Co. Ltd. (WFH; BBB+/Negative/A-2) reflect its strong market position in Korea's financial market and satisfactory capitalization. However, the long-term counterparty credit rating on WFH is one notch below the rating on its core subsidiary, Woori Bank (A-/Negative/A-2), which reflects WFH's higher default risk. This stems from the possibility that regulators may restrict upstream dividends from bank subsidiaries to their holding companies to mitigate the overall economic impact if the group were to encounter serious financial distress. In view of...
Companies mentioned in this report are: Woori Finance Holdings Co. Ltd.,Woori Bank
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Woori Finance Holdings Co. Ltd.,Woori Bank
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