Moody's: No change for Korean banks

Moody's Investors Service said its ratings for Korean banks are likely to remain unchanged despite the large exposures of some of these institutions to the troubled Kumho Asiana Group, which is now poised for restructuring.

Moody's also said it is aware that most banks in Korea have some exposure to Kumho Asiana members. But, the agency said it currently has only aggregate numbers and lack a detailed breakdown of exposures by obligor and product type.

It is not aware of how thing will work out with Korean Development Bank, the largest creditor.

Citibank Korea's bank financial strength rating of C-, baseline credit assessment of Baa2, local-currency deposit of A2 and foreign-currency long-term deposit of A2 remain unchanged.

Busan Bank's bank financial strength rating of C-, baseline credit assessment of Baa1, local-currency deposit of A2, foreign-currency long-term senior/subordinated debt of A2/A3 and foreign-currency long-term deposit of A2 remain unchanged.

Daegu Bank's bank financial strength rating of C-, baseline credit assessment of Baa1, local-currency deposit of A2, foreign-currency long-term senior/subordinated debt of A2/A3 and foreign-currency long-term deposit of A2 remain unchanged.

Export-Import Bank of Korea's baseline credit assessment of A3 and foreign-currency senior debt of A2 remains unchanged.

Hana Bank's bank financial strength rating of C-, baseline credit assessment of Baa1, local-currency deposit of A1, foreign-currency long-term senior/subordinated debt of A2/A2 and foreign-currency long-term deposit of A2 remain unchanged.

Industrial Bank of Korea's bank financial strength rating of D+, baseline credit assessment of Baa3, foreign-currency long-term senior/subordinated debt of A2/A2 and foreign-currency long-term deposit of A2 remain unchanged.

Jeonbuk Bank's bank financial strength rating of D+, baseline credit assessment of Baa3, local-currency deposit of A3 and foreign-currency long-term deposit of A3 remain unchanged.

Kookmin Bank's bank financial strength rating of C-, baseline credit assessment of Baa1, local-currency deposit of A1, foreign-currency long-term senior/subordinated debt of A2/A2 and foreign-currency long-term deposit of A2 remain unchanged.

Korea Exchange Bank's bank financial strength rating of C-, baseline credit assessment of Baa2, local-currency deposit of A2, foreign-currency long-term senior/subordinated debt of A2/A3 and foreign-currency long-term deposit of A2 remain unchanged.

Korea Development Bank's bank financial strength rating of D, baseline credit assessment of Ba2, local-currency deposit of A1 and foreign-currency long-term senior debt and deposit of A2 remain unchanged.

National Agricultural Cooperative Federation's bank financial strength rating of D+, baseline credit assessment of Ba1, local-currency deposit of A1, foreign-currency long-term senior/subordinated debt of A2/A2 and foreign-currency long-term deposit of A2 remain unchanged.

Shinhan Bank's bank financial strength rating of C-, baseline credit assessment of Baa1, foreign-currency long-term senior/subordinated debt of A2/A2 and foreign-currency long-term deposit of A2 remain unchanged.

Standard Chartered First Bank of Korea's bank financial strength rating of D+, baseline credit assessment of Baa3, local-currency deposit of A2, foreign-currency long-term senior/subordinated debt of A2/A3 and foreign-currency long-term deposit of A2 remain unchanged.

Suhyup Bank's bank financial strength rating of D-, baseline credit assessment of Ba3, local-currency deposit of A2, foreign-currency long-term senior/subordinated debt of A2/A3 and foreign-currency long-term deposit of A2 remain unchanged.

Woori Bank's bank financial strength rating of C-, baseline credit assessment of Baa2, foreign-currency long-term senior/subordinated debt of A2/A2 and foreign-currency long-term deposit of A2 remain unchanged.

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