- Language: English
- 774 Pages
- Published: October 2012
- Region: Global
Korea-Based Woori Bank's Unsecured Notes Upgraded to 'A-' Sep 05
- Published: September 2005
- Standard & Poors
TOKYO (Standard & Poor's) Sept. 29, 2005--Standard & Poor's Ratings Services said today that it had raised its rating on Woori Bank's (A-/Stable/A-2) proposed US$500 million senior unsecured fixed rate notes to 'A-' from 'BBB+'. The notes are to be drawn down from a US$4 billion MTN program. Standard & Poor's assigned its 'BBB+' rating to the notes on Sept. 16, 2005. In view of the typical convergence of risks that occur among subsidiaries of a common holding company, the ratings on Woori take into consideration the collective credit profiles of Woori Financial Group (WFG), which includes Woori Finance Holdings Co. Ltd. (WFH; BBB/Stable/A-2) and other subsidiaries. "A supporting factor for the ratings on Woori is WFG's possession of the...
Companies mentioned in this report are: Woori Bank,Woori Finance Holdings Co. Ltd.
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 identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
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.
SHOW LESS READ MORE >
Woori Bank,Woori Finance Holdings Co. Ltd.