Fitch rates Woori Investment BBB+

Fitch Ratings said it assigned a BBB+ foreign-currency issuer default rating to Woori Investment Securities, along with a short-term rating of F2, an individual rating of C and a support rating of 2.

The ratings reflect the company's solid balance sheet and its good franchise as one of Korea's five largest securities companies, which together have a 33% share of Korea's brokerage market.

The ratings also reflect some potential for support from Woori's major shareholder, Woori Financial Holdings (BBB+ with stable outlook).

© 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.