Moody’s gives A1 to IBK Securities

Moody's Investors Service said it assigned IBK Securities Co., Ltd. an A1 long-term foreign currency issuer rating and a Prime-1 short-term foreign currency issuer rating.

The outlook is stable.

Moody’s said the A1 long-term foreign currency issuer rating reflects: (a) The company's standalone assessment of Baa3, which incorporates its financial profile score of Baa2 and Korea's operating environment score of Ba1; (b) Moody's assessment that IBK Securities will receive a "very high" level of support from its parent, Industrial Bank of Korea (IBK, Aa2 stable, baseline credit assessment of baa2), in times of need; and (c) Moody's assessment that IBK Securities will receive a "very high" level of public support from the Korean government (Aa2 stable) if needed.

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