Woori Finance Holdings Co. Ltd. Dec 12
- ID: 2359522
- December 2012
- Standard & Poors
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
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