05.09.2013 03:17:00

Hana Bank -- Moody's downgrades six Korean banks' subdebt ratings on higher bail-in risk

Hong Kong, September 05, 2013 -- Moody's Investors Service has downgraded the subordinated debt (subdebt) ratings (lower Tier II) and selected junior subdebt ratings (Upper Tier II) for the Basel II-compliant securities of six Korean banks. At the same time, Moody's has confirmed the subdebt ratings of Industrial Bank of Korea (IBK) and Suhyup Bank but downgraded their junior subdebt ratings to reflect their structural subordination. The banks' senior obligation ratings and their standalone baseline credit assessments were not affected.

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