Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers K > Headlines for Korea Exchange Bank > News item |
S&P lifts Korea Exchange Bank to positive
Standard & Poor's said it revised the outlook on its long-term issuer credit rating on Korea Exchange Bank to positive after Hana Financial Group announced on March 15 that shareholders approved the acquisition of a remaining minority stake in the bank via an equity stock exchange.
S&P also said it affirmed the ratings on Hana Bank and Korea Exchange Bank.
The outlook remains stable.
The affirmations reflect a view that Hana Financial's overall group credit profile after the acquisition will largely be unaffected, the agency said.
A potential legal dispute with the Korea Exchange Bank labor union could delay this transaction, although S&P said it believes the chance of such a row materializing is low.
© 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.