South Korean savings banks face credit rating downgrades as profitability and asset quality deteriorate due to prolonged high interest rates and non-performing real estate project financing loans, pushing some institutions closer to junk status.
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https://en.infomaxai.com/news/articleView.html?idxno=58675
Savings Banks' Credit Ratings Plummet - Junk Status Looms
South Korean savings banks face credit rating downgrades as profitability and asset quality deteriorate due to prolonged high interest rates and non-performing real estate project financing loans, pushing some institutions closer to junk status.