Fitch affirms Shinhan Bank

Fitch Ratings said it affirmed Shinhan Bank's long-term foreign-currency issuer default rating at A and short-term issuer default rating at F1.

The outlook remains stable.

The ratings reflect its good and substantial franchise, which enables it to generate reasonable and stable underlying profits amid Korea's competitive banking environment, Fitch said.

The ratings also consider the bank's prudent risk management, strong asset quality and solid capitalization, the agency said.

While the operating environment for Korea's commercial banks is weakening, Fitch said it expects the bank's credit quality to remain consistent with an A rating.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.