Fitch Affirms Korea's Construction Guarantee at IFS 'A'; Outlook Stable

April 23, 2015 8:59 AM

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(The following statement was released by the rating agency) SINGAPORE/HONG KONG, April 23 (Fitch) Fitch Ratings has affirmed South Korea-based Construction Guarantee's (CG) Insurer Financial Strength rating (IFS) at 'A'.

The Outlook is Stable. KEY RATING DRIVERS The rating reflects Fitch's view that CG continues to enjoy strong government support, as evidenced by CG's key role in the construction industry and heavy state involvement in its operations. The rating also considers its solid capital position relative to ...

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