Fitch Affirms Shinhan Card at 'A-'/Stable

(The following statement was released by the rating agency)

SEOUL, May 19 (Fitch) Fitch Ratings has affirmed South

Korea-based Shinhan Card

Co's (SHC) Long-Term Issuer-Default Rating (IDR) at 'A-'. The

Outlook is Stable.

Fitch has also affirmed its Support Rating at '1'. A full list

of rating actions

is at the end of this rating action commentary.

The affirmations reflect Fitch's continued belief of an

extremely high

probability of support for Shinhan Card from its sole owner,

Shinhan Financ

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