Sh Suhyup Bank Obtains Moody's Credit Rating 'A1'

Sh Suhyup Bank has obtained the 'A1' credit rating from Moody's, one of the world's top three credit rating agencies.

According to Suhyup Bank on the 7th, Moody's announced the day before that it had upgraded Suhyup Bank's long-term credit rating from 'A2' to 'A1'.

The bank explained that this upgrade was highly evaluated due to achieving good management performance across all assessment categories such as asset soundness, capital adequacy, and liquidity, despite unstable domestic and international economic conditions and the credit rating downgrades of U.S. banks.

Along with this, Moody's also upgraded Suhyup Bank's standalone credit rating from 'Baa3' to 'Baa2'.

A Moody's official stated, "In recent years, Suhyup Bank has maintained good asset soundness by balancing household and corporate loan exposures and reducing high-risk loans," adding, "Due to stable capital adequacy, reduced market-based funding, and improved loan-to-deposit ratio performance, the credit rating was upgraded."