- Language: English
- Published: December 2011
- Region: Mexico
Citibank Korea Inc. Dec 12
- ID: 2359410
- December 2012
- Standard & Poors
Relatively limited exposure to risky industries Relatively good foreign-currency funding ability and liquidity compared to domestic peers Adequate capitalization Relatively weak local market position Moderate profitability Potential pressure on asset quality from high household leverage The stable outlook on the ratings on Citibank Korea Inc. (CKI) reflects Standard & Poor's Ratings Services' expectation that the bank's asset quality will not deteriorate significantly and it will be able to maintain the current level of capitalization for the coming 18 months, despite increasing pressure from credit risks due to highly leveraged households in Korea. However, the ratings could be affected by material developments at Citigroup Inc. (A-/Negative/A-2), CKI, or both. Thus, the ratings on CKI could come under downward pressure if the...
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: Full Analysis
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