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3 Credit Raters to Visit Soon

Feb 16,2001
Three leading international credit raters are planning visits to Korea soon for their regular checkups on the financial conditions of the government and domestic firms. But the reviews are attracting more interest than they usually do because these will be the first assessments by foreign credit raters on reforms now proceeding in the business, finance, government and labor sectors.

To conduct its annual reviews, Fitch IBCA will send an investigation team to Korea on Monday for a three-day visit that will include stops at the Ministry of Finance and Economy, the Bank of Korea and the Korea Development Institute. Fitch officials will be focusing on Korea's macroeconomic indicators and the overall status of restructuring, according to industry observers.

Moody's and Standard and Poor's will also be sending staff to Korea soon. Moody's plans to visit Hanvit Bank and Kookmin Bank on Wednesday and H&CB on Thursday and finish by checking on KorAm Bank and Hana Bank. Standard and Poor's is expected to send its officials in mid-March.


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