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.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

NH Agricultural life insurance solvency rating AAA grade obtained

It has received the highest rating of AAA rating from the Korea Financial gimmingyeong newspaper reporter] NH Agricultural Life insurance solvency rating from the 23rd NICE and Korea Ratings credit rating.

To assess the overall solvency insurance and related financial soundness of insurance companies in the 'insurance solvency assessment "means at some point. Through this evaluation it can easily recognize the status of the credit insurer, by reflecting them in decision-making and improve the efficiency of insurance markets can ultimately contribute to protecting the interests of policyholders.

NH Agricultural life is not receiving the credit rating and this is the first time. One 'AAA rating, the highest rating of a total of 10 ratings acquisition, means the highest level of solvency and default risk is almost no.

NH Agricultural Life has an extensive sales network throughout the country based on agriculture and Livestock channels, reportedly it received a high rating points to that total assets and premium income has a market position based on the above four life insurance industry. The viscosity that laying the substantial strengthening of protection-type insurance sales life insurance mainly contributed to the score.

The magazine said the financial aspects points to the strengths of the asset quality and capital adequacy, and maintain an excellent level. NH Agricultural Life fell RBC ratio in accordance with the rise in interest rates, because three times higher than last year's third quarter to 200%, and recorded a level RBC ratio of the securities of the held-to-maturity securities proportion (69.6%) and the industry average (23.4%). less likely.

NH Agricultural Life official said, "was able to convey capture the public trust that our customers through this credit rating acquisition of deumjik a company that NACF life is incredible," he built an "ever-confidence, maintaining a solid credit farm income ₩ 50,000,000 times He said that the opening will be the driving force behind the ".



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

Last year, the National Pension responsible investment rating of 50 point-to-stay

[Korea goyounghun financial newspaper reporters - NPS responsible investment assessment scores last year showed that 50 remained in point.

According to 24 days for Responsible Investment advisors ESG Moneta said domestic stocks Responsible Investment evaluation indicators of environmental and social responsibility, corporate governance massive holdings of pension funds (Environmental, Social Governance, ESG) integration Score is staying in 50 point 2016 . In the third quarter of 2014 was the mid-point 60.

ESG side Moneta explained jyeotdago for the long-term, stable revenue growth of pension funds to account for responsible investment elements of the environment, society and governance, including with respect to investments made this amendment in January 2015.

But last year's corporate governance score remained without a 30-point improvement in the social responsibility rating was also pointed out that it was difficult to keep the point-to-50.

Responsible Investment is summarized by the non-financial rating ESG risks in addition to the financial risks and pursue a long-term and stable profit-oriented to a long-term investment through the exercise of shareholder rights vigorously.

ESG Moneta has analyzed the data of pension fund holdings of the top 20 domestic equity holdings and mass market capitalization of pension funds to complement the Financial Supervisory Disclosure. South Korea in terms of corporate governance were won out of 100 points based on use of the original data (Corporate Governance Service, CGS).

ESG Moneta side showed an ESG rating the companies of the B + rating or more ESG rating company points similar trend of CGS since the third quarter of 2012 to the second quarter of 2014, after the third quarter of 2014 jyeotdago reduced to a similar distribution and Class B score of CGS It explained. In the case of pension it was also flat with that recorded in the mid-50 point score increase of the corporate social responsibility (S). ESG is a point-to-side score 50 Moneta said the figures need to be improved.

ESG Moneta said, "why ESG scores of domestic stocks massive holdings of pension funds lowered is because the bulk holdings could increase in accordance with enlargement of change and funding of the ESG evaluation method of the August period dominated by nine trillion won through 2015," said "In addition has the possibility of changing investment approach and include issues such as the transition from institutions such as the exercise of voting rights, "he said.

In April 2010, it launched Moneta is responsible for ESG investment advisory, consultancy and the like, and has signed since last September 2013 and CGS business and business cooperation contracts. This year in January, announced the responsible investment index by Weiss and co epeuen.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com

KIS, DSME's credit rating downgraded to 'B' ... Liquidity risk corporate bonds

[Korea goyounghun financial newspaper reporter] Korea Investors Service announced that the downward unsecured bond rating of DSME through frequent assessment to 24th in the existing B + B.

KIS is "reflected the large bond maturities uncertainty of liquidity risk and maturity of the arrival, and the likelihood of further loss of credibility compromised account information," he said.

Also explained that the negative environment of sluggish sales and orders throughout the shipbuilding industry due to the varying financial and equity-scale view.

DSME Okpo Shipyard construction began in the year 1973, Geoje, South Gyeongsang Province. In the process of dismantling the Daewoo Group it was founded by a business division of Daewoo Shipbuilding Heavy Industry 2000. The largest shareholder with comprehensive shipbuilding and marine specialist to dry LNG carriers, oil tankers, container ships, etc. is an industrial bank.



Financial Daily Economic News FNTIMES - unauthorized reproduction for commercial purposes in accordance with the Copyright Act, No copying, distribution,
Copyright ⓒ Korea's financial newspaper & FNTIMES.com