Wednesday, April 27, 2016

Fitch: Korea Policy Banks May Need More Capital for Legacy Assets

(The following statement was released by the rating agency)

SEOUL/SINGAPORE, April 27 (Fitch) A major regulator-led

corporate restructuring

of several large industrial sectors in Korea could mean that

policy banks with

the greatest exposures to the troubled sectors will require

additional capital

if they were to be actively engaged in the process to clean up

legacy assets,

says Fitch Ratings. But the restructuring should have only a

limited direct

impact on commercial banks.

The Financial S

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