Hansin, DSME downgraded 2 steps to CC

[Goyounghun financial newspaper reporters South Korea - South Korea credit rating was down from the last 24 days of Daewoo Shipbuilding & Marine Engineering 4-2 times through frequent evaluations, 5-2 B- existing downward review of the unsecured corporate bond credit rating twice with CC.

Hansinpyeong side explained that reflect the corporate bond principal and damage points higher uncertainties in business management as a large debt-for-equity swap of bonds with maturities extending voting in this voluntary debt restructuring process.

Hansinpyeong is that "it is expected the principal damage to corporate bonds with a large debt restructuring" and "This debt restructuring and through new funding and improve the financial structure, the short-term, but can ease the liquidity pressure, the uncertainty of business management is a high level." He was diagnosed.



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