SOUTH KOREA: RATINGS OF PUSAN BANK AND DAEGU BANK.
From: IPR Strategic Business Information Database
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Date: 12/14/2003
Moody's Investors Service raised to D- from E+ the bank financial strength ratings (BFSR) of Daegu Bank and Pusan Bank. The outlook for the revised ratings is stable. The Baa3/Prime-3 long-term/short-term deposit ratings for both banks, which carry a stable outlook, are unaffected. The upgrades reflect both banks' healthier creditworthiness since the 1997 Asian financial crisis. Their financial fundamentals have improved, particularly in the areas of profitability, asset quality ...
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