Hansinpyeong "Eland World, it lost 70 billion profit due credit ratings changes"

[Korea goyounghun financial newspaper reporter] Korea Investors Service has 11 days E-Land Group, Asiana Airlines, grade variation factor for Daewoo Engineering & Construction (Rating Trigger), saying this could possibly happen stated that require constant monitoring.

Hansinpyeong is the world Eland February already Rating Trigger the end of the moratorium is short-term debt, which is part of the 64.1 billion won operating, and other sinpyeongsa is one notch (notch) downward (BBB-) rating if debt securitization date profit of 700 billion won loss He said that there could be. Being a date profit loss means that the loan is repaid early. If the case of the E-Land Retail sinpyeongsa two or more grades where down-to BBB- is the loss of profit due securitization debt of 156.3 billion won.

Ryu seunghyeop hansinpyeong INDUSTRY ASSESSMENTS headquarters chief of "Asiana Airlines has gotta be charged Rating Trigger future accounts receivable securitization borrowings 913.4 billion won (21.4% of total loans compared) of 3 horses total borrowings 4.2723 trillion won per month," said "if credit rating when the down-to BB +, the second species of Units design Asiana Airlines explained that the first kind is not receive payment until the two kinds of revenue revenue it is fully paid. "

However, the second species of Units kind of class periods, depending on how you stop after excess collateral ratios and ratings fluctuations in asset-backed securitization asset proceeds may vary.

Current chief of "Daewoo has built also jammed Rating Trigger a private four of the last year of the end of 803 billion won project financing (PF) guarantees and 200 billion won," said, "If the credit rating 1 notch downward, PF warranty reimbursement for 36.5 billion won It occurs duties, and may result in loss of benefits, such as date of the private placement bonds was 200 billion won and diagnostics. "

Rating four private and four public offering, which can be operated Trigger is equivalent to 18.8% of total debt to total 450 billion won.



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