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Woori Finance Holdings Co. Ltd. Dec 12 Product Image

Woori Finance Holdings Co. Ltd. Dec 12

  • ID: 2359522
  • December 2012
  • Standard & Poors

Abstract
Strong market position Relatively strong corporate banking business Good revenue contributions from nonbanking businesses Relatively large exposure to risky corporate sectors Potential pressure on asset quality from high household debt Relatively weak core earnings The stable outlook on Woori Finance Holdings Co. Ltd. (WFH) mainly reflects the stable outlook on Woori Bank. As Woori is the group's main operating bank, accounting for about 75% of the group's total assets, a ratings change on Woori would likely lead to a ratings change on WFH. The stable outlook on Woori reflects Standard & Poor's Ratings Services' view that potential credit risks remain manageable and that the bank is likely to be able to maintain its current level of capitalization for the next...

Companies mentioned in this report are:
- Woori Finance Holdings Co. Ltd.
- Woori Bank

Action: Review

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

- Woori Finance Holdings Co. Ltd.
- Woori Bank

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