Moody's Revises Korea Investment & Securities Credit Rating to 'Stable'
[Asia Economy Reporter Hwang Junho] Global credit rating agency Moody's maintained Korea Investment & Securities' credit rating at Baa2 on the 10th and revised the rating outlook from 'negative' to 'stable.'
Moody's upgraded the rating outlook, anticipating improvements in Korea Investment & Securities' leverage and funding. The financial authorities' implementation of soundness regulatory measures has slowed the increase in risky assets, and the reduction in contingent liabilities such as outstanding ELS issuance and payment guarantees, as well as the scale of real estate projects, was highly evaluated.
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Additionally, through ESG analysis, Moody's stated, "Considering Korea Investment & Securities' reduced risk appetite and improvements in funding, which affect the company's financial strategy, it has strengths in terms of governance."
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