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S&P Takes Rating Actions on Three Korean Banks Jan 99 Product Image

S&P Takes Rating Actions on Three Korean Banks Jan 99

  • Published: January 1999
  • Standard & Poors

Abstract
NY -- Standard & Poor's CreditWire 1/15/1999 -- Standard & Poor's today affirmed its long-term rating of double -'B'-plus and short-term rating of single-'B' on Housing & Commercial Bank (HCB) and its long-term rating of single-'B' and short-term rating of single-'C' on Korea First Bank (KFB). Additionally, Standard & Poor's assigned its long-term rating of single-'B'-plus and short-term rating of single-'C' to Hanvit Bank, an entity formed from the merger between Hanil Bank (rated B+/C) and Commercial Bank of Korea (rated Bpi). The rating outlook for KFB is developing, while for HCB and Hanvit it is negative. As a result of these rating actions, the ratings of HCB and Hanil Bank were removed from CreditWatch Negative, where Hanil was placed...

Companies mentioned in this report are: Standard Chartered Bank Korea Ltd.,H&CB,Woori Bank
Action: Affirmed

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 and READ MORE >

Standard Chartered Bank Korea Ltd.,H&CB,Woori Bank

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