SBI Savings Bank Achieves Corporate Credit Rating of ‘A/Stable’ for Two Consecutive Years
On the 19th, SBI Savings Bank announced that it received an 'A/Stable' rating for two consecutive years from major corporate credit rating agencies such as NICE Credit Rating and Korea Credit Rating.
SBI Savings Bank explained, "The two rating agencies analyzed that the bank has secured a top position in the industry based on a diverse business foundation including corporate finance and personal credit loans, and that it is capable of maintaining sound capital adequacy and stable liquidity management." The analysis also reflected strong loss absorption capacity and the possibility of support from its parent company, SBI Group, in case of emergency.
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An official from SBI Savings Bank stated, "We have verified our stability by obtaining an 'A/Stable' rating from major domestic corporate credit rating agencies," and added, "We will continue to strive to be trusted by both individual and corporate customers."
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