Busan Bank - Ratings Downgraded; Stable Outlook

Overview

Capital Intelligence (CI), the international credit rating agency, announced today that it has downgraded Busan Bank's (BB) Financial Strength Rating (FSR) to 'BBB' from 'BBB+', underscoring the ongoing tight liquidity, the drop in the capital adequacy ratio (CAR) in 2014 to below the banking sector average, and the weak profitability at both the operating and net levels.

Attachments

• Credit Rating Announcement (CRA)
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• Bank Rating Report (South Korea, Busan Bank)
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