NICE credit rating on Korea Capital, Meat mortgage credit rating downgrade

[Korea before lower cervical financial newspaper reporter] is a nice credit rating was downgraded South Korea capital short- and long-term credit rating.

NICE credit rating in the last 22 days the assessment and evaluation through frequent downgraded the long-term credit rating of Korea Capital to 'A- / Stable' from 'A / Negative', short-term credit rating from A2 to 28 days announced that it has A2- .

Rating down two euros Nuys credit rating Meat collateral loans insolvency potential rise in profitability and financial stability deterioration of the inevitable points, HK asset management and recovery possible delays linger, delinquent assets compared to loan loss provisioning level of loans, such as respect is low relative to assets the loss absorption capacity such as that cited for insolvency for heat.

South Korea is the state capital involved in mortgage bad meat case. (Deducting allowance for doubtful accounts), Korea Capital meat handling mortgage loans net balance of 16 billion won, Arthur

NICE credit rating was higher than the year before the end of 8.29% as precautionary and below loans ratio Korea capital late last year standard 9.98%, while loan loss provisions is moving 5.9 billion won interim net profit announced jyeotdago 2015, compared to profit 12.1 billion won decreased to 10.3 billion won.

Insolvency assets were analyzed as five low responsiveness.

Nice ratings explained, "Korea Capital was founded dwaeteuna to proceed to improve asset quality and asset clean-screen work, such as the sale of non-performing loans to asset management was HK slowdown is prolonged delinquencies rise.

Delinquency rate of 2.4% in March 2012, 12 March 2015 by 4.5%, September 2016, May was a 5.1% increase in trend.

NICE credit rating was also rated as South Korea capital reserves coverage in September last year, based on sector average of 59.8% to 124.6% compared to the lower level. The company's business portfolio mainly consisting of leasing and corporate financial products for SMEs also added that this factor is difficult to improve asset quality.

With regard to HK Asset Management that financial normalization work in progress were analyzed by the company to take long-term debt repayment.

NICE credit rating said 'HK Asset Management is the largest shareholder of the soldiers were potatoes and impaired capital status is resolved to equity swap, such as the Mutual Aid Association was completed real estate objects sold in Cambodia and Incheon' 'primarily consider the asset status consisting of commercial real estate HK time to repay the debt until the asset management of the company through the sale of assets, said it would take a considerable period of time.

According to the Nice rating, HK Asset Management Debt Capital in Korea is 50 billion won, 10.3 billion won debt, corporate debt collateral deposit 25 billion won last year, while in December a permanent basis.



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