Summary: Woori Finance Holdings Co. Ltd. Dec 12
- ID: 2359661
- December 2012
- Standard & Poors
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 24 months. We believe Woori will likely manage the potential rise in credit costs with current preprovisioning profit levels amid an increasingly challenging operating environment, characterized by potential pressure on the quality of household...
Companies mentioned in this report are:
- Woori Finance Holdings Co. Ltd.
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