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TRIS Rating Affirms Company Rating on "SAWAD" at "BBB " with "Stable"


TRIS Rating affirms the company rating on Srisawad Corporation PLC (SAWAD) at ?BBB+? with a ?stable? outlook. The rating reflects the company?s strong market presence in the title loan business; very strong capital, leverage, and earnings assessment; and adequate funding and liquidity profile. However, the rating is constrained by the fragile economic environment, intensifying competition, and the company?s relatively high exposure to risky property-backed loans.
KEY RATING CONSIDERATIONS
Strong market presence maintained
The company?s strong market presence as one of the major operators in the title loan business continues to support its business position. We expect the company?s market position to remain strong, despite stagnant loan growth in 2020 and the first quarter of 2021. The slower credit growth momentum stemmed from the adverse impacts of the Coronavirus Disease 2019 (COVID-19) pandemic. In the longer term, we expect the company?s loan growth will continue t ....

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IGIS Asset and Hana Financial Help Recap Fannie Mae HQ


IGIS Asset and Hana Financial Help Recap Fannie Mae HQ
Posted on 05/16/2021
On April 27, 2021, South Korea’s IGIS Asset Management Co., Ltd and Hana Financial Investment Co., Ltd. purchased a 49% stake in the headquarters of the U.S. mortgage lender Fannie Mae for 250,000,000,000 KRW. Both IGIS and Hana bought the stake in the two-building Midtown Center in Washington D.C. from Carr Properties. The U.S. real estate investment firm holds the remaining interest in the 868,834-square-foot property. The building is built on the former site of the headquarters of The Washington Post.
JLL Capital Markets (part of Jones Lang LaSalle) arranged the capitalization. ....

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DGB Financial Group inks investment cooperation MoU


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Cambodian ambassador to South Korea Long Dimanche (centre right) and DGB Financial Group Inc CEO Kim Tae-oh (centre left) at the MoU signing. LONG DIMANCHE VIA FACEBOOK
DGB Financial Group inks investment cooperation MoU
Sun, 28 February 2021
Cambodia and Seoul-listed DGB Financial Group will further ramp up investment cooperation as the Kingdom prepares to pen a bilateral free trade agreement (FTA) with South Korea in June.
A memorandum of understanding (MoU) was signed to this effect on February 24 between Cambodian ambassador to South Korea Long Dimanche and DGB Financial Group Inc CEO Kim Tae-oh.
Dimanche told The Post on February 28 that an MoU with a major Korean financial institution not only reflects the growth of trade relations between Cambodia and South Korea, but also paves the way for more Korean investors to invest in the Kingdom. ....

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