Credit KIS Monitor Korea Investors Service 04 33 61 83 Special Report Rating Summary
Special Report
KIS Credit Monitor 2011.10.24 04 05
Special Report
KIS Credit Monitor 2011.10.24 06 07 2001 BLMP/SMP 2007.01 SMP 2008.05 dc( ) c( ) n( ) n2( ) p() 2010-08-01 0.50 0.1315 0.1913 0.151 0.320 2009-08-01 0.75 0.1865 0.2798 0.482 0.327 2008-08-01 0.75 0.0894 0.2184 0 0.089 2008-05-01 0.9 0.1595 0.2745 0 0.4
Special Report
KIS Credit Monitor 2011.10.24 08 09
Special Report
KIS Credit Monitor 2011.10.24 10 11
Special Report
KIS Credit Monitor 2011.10.24 12 13
Special Report
KIS Credit Monitor 2011.10.24 14 15 1P/2P ( ) vs ( ) (Concession) vs (PSC) ( ) (PSC) off-take ( ) ( ) ( ) Exit Discovered Undiscovered 90% 50% 10% 10% Reserves( ) Reserves( ) Mineable() Possible( ) Proven( ) Probable( ) 1P PD PDP PDNP PUD 2P 3P Expected() Identified Resources(Reserves) Demonstrated Measured Indicated Undiscovered Resources Inferred Hypothetical Specilative A B C1 C2 P1 P2 P3 Prospective Forecast Reserves
Special Report
KIS Credit Monitor 2011.10.24 16 17 ( ) ( ) off-take 20% off-take 20% off-take
Special Report
KIS Credit Monitor 2011.10.24 18 19 KOLNG KORAS Korea LNG Limited Korea RasGas LNG Limited Kuff Oman LNG LLC 5% Ras Laffan LNG Company Limited 5% (24%) (60%) (20%) (10%) () (20%) SK (8%) (20%) (8%) SK (16%) LG (14%) (51%) Qatar Petroleum(66%), Shell Gas B.V.(30%) ExxonMobil RasGas Inc.(25%), Total S.A.(5.5%) Itochu Corporation(4%) Mitsubishi Corporation(2.8%) LNG Japan(3%) Mitsui & Co. Ltd.(2.8%) Itochu Corporation(0.9%)
Special Report
KIS Credit Monitor 2011.10.24 20 21 2 ~1945 1950 1960 1970 1980 1990 1) 2) 2) 2) 3) 3) Provider 4)
Special Report (Mitsubishi Corporation) 5,207 11,347 463 (Mitsui & Co., Ltd.) 4,679 8,598 307 (Sumitomo Corporation) 3,100 7,231 200 (Itochu Corporation) 3,650 5,674 161 (Marubeni Corporation) 3,684 4,679 137
KIS Credit Monitor 2011.10.24 22 23
Special Report
KIS Credit Monitor 2011.10.24 24 25 2 50% 50% 2.5 (3) 1.2 30% 70% (IPP) (2) TV 0.58 30% 70% (IPP/IWPP) () (2) () 0.8 50% 50% (2) 0.75 N/A N/A (IPP/IWPP) (2)
Special Report (2010) ROA AA- 69,491 1,043 1.6% 247.6% SK AA- 96,624 1,804 2.0% 92.1% LG A+ 43,055 3,242 8.2% 145.7% A 17,060 469 3.1% 302.1% Moody s A1 11,347 463 4.2% 129.7% A2 8,598 307 3.6% 142.8% A2 7,231 200 2.8% 231.7% Baa1 5,674 161 2.9% 196.4% Baa2 4,679 137 2.9% 291.6%
KIS Credit Monitor 2011.10.24 26 27 3 3
Special Report
KIS Credit Monitor 2011.10.24 28 29 SK LG 8 40%/20%( ) Buhka KOLNG KOLNG 5%/1.2%( ) KORAS KORAS 5%/3%( ) 11-2 11-2 11-2 75%/39.8%( ) LNG 11.9%/8.9%( ) Springvale 50%/25%( ) Angus Place 50%/25%( ) Charbon Clarence Cockatoo 7.5%/2.5%( ) Ensham MPP Tutui 45%/6%( ) 70%/28%( ) CLM ADA 75%/40%( ) NW Konys A-1/A-3 59.5%/8.5%( ) Wyong PPCI 27.5%/17.5%( ) MMX 1)
Special Report ( ) (%) 11,347 463 3,105 230 27.4% 49.7% Trading 1,280 94 11.3% 20.3% LNG/LPG, 1,849 61 16.3% 13.3% 2,184 46 19.2% 10.0% 2,930 31 25.8% 6.7% 8,598 307 1,564 57 18.2% 18.4% LNG 1,141 167 13.3% 54.5% 1,368 30 15.9% 9.9% 643 11 7.5% 3.5% 3,883 42 45.2% 13.7% 7,231 200 1,150 66 15.9% 32.8% LNG 635 18 8.8% 9.1% 1,311 26 18.1% 13.2% 778 24 10.8% 12.0% 3,357 66 46.4% 33.0% 2 5,674 161 1,278 109 22.5% 67.8% LNG 406 15 7.2% 9.5% 1,209 22 21.3% 13.9% 774 26 13.6% 16.1% 2,007-12 35.4% -7.4% 4,679 137 656 28 14.0% 20.7% 521 34 11.1% 24.7% 437 18 9.3% 12.8% (IPP) 206 6 4.4% 4.5% 2,859 51 61.1% 37.4% 37,529 1,268
Rating Summary KIS Credit Monitor 2011.10.24 30 31 1. : 2011 11 17 ( ) 2:30 ~ 5:30 PM 2. : 1 (Grand Ballroom) 3. : 180 ( ) 4. : 2:00~2:30 (Registration) 2:30~2:35 2:35~2:40 Jennifer Elliott, Managing Director, Regional Head Asia Pacific, Moody s 2:40~3:10 Tom Byrne, Senior Vice President, Sovereign Risk Group, Moody s 3:10~3:40 Gary Lau, Managing Director, Asia Corporate Finance Group, Moody s 3:40~4:00 (Coffee Break) 4:00~4:30 4:30~5:00 Stephen Long, Managing Director, Asia Financial Institutions Group, Moody s 5:00~5:25 Stress Test Credit Issue 5:25~5:30 Soo Jung Kim, Representative Director, Moody s Korea 1.. IS TEL : 787-2352, 2365, FAX : 787-2361 E-mail : clientdesk@kisrating.com : www.kisrating.com 2. (Simultaneous Interpretation). 3..
Special Report
033 KIS Credit Monitor 2011.10.24 033 KIS Credit Monitor Korea Investors Service
Rating Summary
KIS Credit Monitor 2011.10.24 34 35
Rating Summary ~1 ~3 ~6 ~1 1 5,429 5,990 7,004 7,701 5,764 1,548 3,761 5,485 10,878 999 - - - - 1,954 3,881 2,229 1,519-3,177 4,765
KIS Credit Monitor 2011.10.24 36 37
Rating Summary 1Q09 2Q09 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 1Q11 2Q11 TV 56% 55% 55% 56% 54% 53% 58% 56% 48% 48% MNT 23% 22% 22% 23% 24% 23% 19% 19% 24% 20% NBPC 16% 18% 19% 17% 18% 17% 12% 13% 14% 14% Smartbook 2% 3% 5% 5% 10% Mobile etc. 5% 5% 4% 4% 4% 5% 8% 7% 9% 8%
KIS Credit Monitor 2011.10.24 38 39 3Q09 4Q09 1Q10 2Q10 3Q10 4Q10 ) 1Q11 2Q11 5,818 5,905 5,876 6,454 6,698 6,483 5,366 6,047 11.4 5.3 13.4 11.2 2.7-6.0-4.5-0.8 EBITDA/ 24.9 18.5 24.2 22.2 14.7 6.1 10.8 14.0 ASP 833 809 838 866 785 707 702 743 2005 2006 2007 2008 2009 2010 2,290 3,801 1,424 465 1,464 2,799 CAPEX/EBITDA 1.8 1.7 0.4 0.7 1.0 1.1 /EBITDA 1.0 1.9 0.3 0.1 0.4 0.6 19.3% 28.9% 12.1% 3.3% 8.0% 12.5%
Rating Summary
KIS Credit Monitor 2011.10.24 40 41
Rating Summary 2006 2007 2008 2009 2010 2011.06 4,955 5,217 6,236 7,630 8,847 5,153 714 415 483 341 687 588 14% 8% 8% 4% 8% 11% 3,263 3,216 3,949 4,449 5,786 3,565 310 77 237 404 996 547 10% 2% 6% 9% 17% 15% 8,218 8,433 10,185 12,079 14,633 8,718 1,024 492 720 745 1,682 1,135 12% 6% 7% 6% 12% 13% 2,285 2,247 2,809 2,311 2,753 1,414 SKC,Inc. 134 148 135 108 264 126 6% 7% 5% 5% 10% 9% () ( ) 599 2009.12 ~ 2011.03 20,000 (EVA Sheet) 445 2010.03 ~ 2011.10 18,000 PET Film 2 1,455 2010.10 ~ 2012.07 20,000 18,000
KIS Credit Monitor 2011.10.24 42 43
Rating Summary 2007 2008 2009 2010 2011 6 25 27 33 39 38 : A 5,787 5,735 5,441 5,750 2,841 : B 16,634 18,140 19,496 21,363 20,905 B/A 2.9 3.2 3.6 3.7 3.7
KIS Credit Monitor 2011.10.24 44 45 2007 2008 2009 2010 2011 6 /EBITDA 5.0 19.8 15.4 17.7 22.4 / 60.6% 125.0% 94.4% 84.3% 114.6% 147.0% 217.7% 187.0% 212.4% 242.1% ABCP ABS PF Loan 2011.9.30 - - 4,551 4,551
Rating Summary
KIS Credit Monitor 2011.10.24 46 47
Rating Summary 2005 2006 2007 2008 2009 2010 2011.06 EBITDA 263 173 285 758 562 558 387 185 151 102 182 8 8 8 () 3,708 4,931 4,977 5,141 5,924 5,319 5,415 2,769 3,398 2,774 1,052 1,616 799 557 / 9.6 13.4 16.8 27.2 23.6 25.4 25.3 152.9 159.3 161.8 104.6 108.6 107.9 136.3 39.5 38.6 38.2 48.9 47.9 48.1 42.3
KIS Credit Monitor 2011.10.24 48 49
Rating Summary 2006 2007 2008 2009 2010 2010( ) 2011( ) 2,677 2,880 6,583 9,715 12,147 5,550 6,507 () 2,677 2,880 3,641 5,110 6,305 2,827 3,328 () - - 2,942 4,605 5,842 2,723 3,179 1,350 1,501 1,595 1,778 2,021 906 1,037 460 568 570 639 356 178 172 4,487 4,949 8,748 12,132 14,524 6,634 7,716 ( ) 1.7% 10.3% 76.8% 38.7% 19.7% 15.5% 16.3%
KIS Credit Monitor 2011.10.24 50 51 2006 2007 2008 2009 2010 2010( ) 2011( ) 242 235 531 541 780 389 273 () 212 225 486 400 634 348 152 () -1 26 45 103 97 10 78 () 31-16 0 38 49 31 43 5.4% 4.7% 6.1% 4.5% 5.4% 5.9% 3.5%
Rating Summary
KIS Credit Monitor 2011.10.24 52 53 STX SK 10 11.1H 10 11.1H 10 11.1H 10 11.1H 94,233 45,264 80,870 34,445 57,689 25,312 19,899 10,954 6,298-1,838 6,017-1,007 1,223 67 600 309 6.7-4.1 7.4-2.9 2.1 0.3 3.0 2.8
Rating Summary ~12.06 ~13.06 ~14.06 ~15.06 ~16.06 15,974 15,353 8,514 7,173 6,204 18,903 72,121
KIS Credit Monitor 2011.10.24 54 55 (2011.10.11) 1-1 AAA 2014.04.17
Rating Summary 2013 10 17 (ABS 2 ) 3,642 2011 10 17 (1 9 ) 3
KIS Credit Monitor 2011.10.24 56 57 (2011.10.13) ABL A 2015.04.15
Rating Summary
KIS Credit Monitor 2011.10.24 46 47
Rating Summary
KIS Credit Monitor 2011.10.24 58 59 KIS Credit Monitor Korea Investors Service
9/30 10/7 10/14 1 3.55 3.48 3.46-2 2 3.68 3.53 3.52-1 3 3.56 3.43 3.41-2 5 3.64 3.57 3.54-3 10 3.91 3.83 3.77-6
KIS Credit Monitor 2011.10.24 62 63
09/30 10/07 10/14 1 15bp 17bp 16bp -1 2 22bp 22bp 25bp +3 3 45bp 45bp 45bp 0 09/30 10/07 10/14 1 6bp 68bp 69bp +1 2 75b 81bp 81bp 0 3 106bp 108bp 109bp +1
KIS Credit Monitor 2011.10.24 64 65
472 5.16 20111010 20161010 100 A+ 220 4.48 20111010 20140922 600 AA0 1335 4.37 2111010 20140510 50 AA+ 1336 4.98 20111010 20181010 100 AA+ 52-1 4.4 20111011 20131011 100 A- 52-2 4.68 20111011 20141011 100 AA- 1964 4.48 20111012 20141012 100 AA+ 1963 4.64 20111012 20161012 600 AA+ 206 4.98 2011102 20130412 400 A0 1965 4.42 20111013 20141013 500 AA+ 1337 4.95 20111013 20181013 100 AA+ 253 615 20111014 20131014 200 BBB+ 13-1 4.2 20111014 20130414 400 AA+ 13-2 4.35 20111014 20140414 300 AA+ 13-3 4.4 20111014 20141014 500 AA+ 13-4 4.56 20111014 20161014 100 AA+ 13-5 4.6 20111014 20141014 1000 AA+ 81 4.9 20111014 20121014 100 A+ 65 5.34 20111014 20170214 400 AA-
KIS Credit Monitor 2011.10.24 66 67
Credit Spread AA- LG88-1 20111014 4.2 3 +80(3)bp 1,500 3 AA- 27-1 20111014 4.24 3 +84bp 1400 3 AA- 27-2 20111014 4.51 5 +98bp 1,100 5 AA- LG88-2 20111014 4.47 5 +94bp 500 5 A+ 233-1 20111014 4.2 3 +80(10)bp 900 3 (300), (600) A+ 233-2 20111014 4.43 5 +90bp 600 5 (500), (100) A+ 248-1 20111012 4.49 3 +101bp 400 3 A+ 248-2 20111012 5.03 5 +142bp 500 5 A+ 17 20111010 4.47 1,000 3 BBB+ 21 20111014 5.8 700 3 A0 151 20090409 6 2 600 4300 A0 90 20081015 7.41 3 400 2600 A0 62 20081015 7.58 3 500 2000 AAA 09-10 20091013 4.78 2 200 8021 B- 1 20090416 10 2 0 0 A+ 248-1 20111012 4.49 3 +101bp 400 3 A+ 248-2 20111012 5.03 5 +142bp 500 5 A+ 17 20111010 4.47 1,000 3 BBB+ 21 20111014 5.8 700 3
KIS Credit Monitor 2011.10.24 68 69 AA- 98-1 20111017 4.31 3 +87 20141017 1,500 AA- 98-2 20111017 4.56 5 +102 20161017 2,500 A+ 15 20111018 4.69 3 +125 20141018 500 BBB 291-1 20111019 7.50-20130419 300 BBB 291-2 20111019 7.75-20131019 200 A- 113-1 20111019 4.90-20151019 100 A- 113-2 20111019 5.20-20161019 200 A 221 20111019 5.90-20131019 500 AA- 16 20111020 4.53 3 +105 20141020 3,200 AAA DGB1 20111020 4.27 5 +66 20161020 700 AA+ 7 20111021 3.92 3 +50 20141021 2,000 AA 64-1 20111021 4.16 3 +74 20141021 700 AA 64-2 20111021 4.34 5 +79 20161021 1,500 A SKC128-1 20111021 4.41 3 +99 20141021 700 A SKC128-2 20111021 4.60 3 +118 20151021 600 A SKC128-3 20111021 4.79 5 +124 20161021 200 A- 67-1 20111021 7.30-20121021 400 A- 67-2 20111021 7.90-20131021 600 9/16 9/23 9/30 10/7 10/14 AAA 7,500 8,771 9,902 8,101 8,323 AA 12,450 10,537 18,177 24,439 34,009 A 6,792 7,782 5,330 9,361 8,686 BBB 543 652 563 441 500 BB+ 12 12 22 12 21
9/16 9/23 9/30 10/7 10/14 ~1y 7,724 10,123 11,781 19,472 22,241 1y~3y 12,500 9,490 9,033 16,286 20,002 3y~5y 5,680 6,756 10,187 4,845 9,350 5y~ 1,401 1,403 3,004 1,803 7 Trading Activity(Ratings) Trading Activity(Maturities)
KIS Credit Monitor 2011.10.24 70 71 AAA KB1 20111011 3.56 0.28 3.62 400 0.17 AAA KT952-2 20111010 4.01 0.49 4.03 700 1.82 AAA POSCO301 20111013 4.13 0.6 4.11 100 4.9 AAA SC7-1 20111013 4.01 0.57 4.02 400 1.9 AAA ()10-02-02 20111010 4.31 0.82 4.18 143 1.38 AAA ()10-07-16 20111011 4.39 0.89 4.25 63 1.8 AAA 2011-08 20111010 3.82 0.37 3.79 300 0.76 AAA 37-2 20111012 3.53 0.27 3.59 100 0.13 AAA 52-2 20111013 3.6 0.33 3.58 200 0.16 AAA 52-2 20111012 3.6 0.32 3.6 1600 0.16 AAA 56-1 20111012 4.01 0.52 4 500 1.55 AAA 79 20111010 3.74 0.47 3.68 1000 0.14 AAA 84 20111014 4.08 0.62 4.09 400 1.67 AAA 96 20111014 4.16 0.75 4.17 1000 2.81 AAA 11-02 20111010 4.47 0.99 4.24 264 2.38 AAA 11-03 20111010 4.45 0.99 4.24 266.3 2.47 AAA 22-1 20111012 3.69 0.41 3.56 400 0.16 AAA 22-1 20111013 3.57 0.3 3.54 300 0.16 AA+ GS 120-1 20111011 4.25 0.66 4.24 200 3.93 AA+ SK246-1 20111012 3.81 0.46 3.75 80 0.37 AA+ SK246-1 20111014 3.73 0.39 3.72 150 0.37 AA+ SK247-1 20111011 3.87 0.44 3.86 700 0.65 AA+ SK247-2 20111010 4.15 0.68 4.19 500 2.65 AA+ SK248-2 20111010 4.17 0.7 4.2 200 2.81 AA+ SK 1-3 20111011 4.19 0.71 4.2 700 2.95 AA+ 38 20111013 4.43 1.21 3.97 200 0.04 AA+ 54-1 20111012 3.99 0.5 3.98 200 1.42 AA+ ()10-12 20111010 4.66 1.16 4.5 60 2.22 AA+ 12 20111014 4.49 1.03 4.48 300 1.66 AA+ 17 20111012 4.4 0.95 4.39 400 1.1 AA+ ( )10-06-1 20111012 4.91 1.43 4.48 69 1.72 AA+ 309 20111011 3.93 0.69 3.55 92 0.08 AA+ 310 20111011 3.77 0.37 3.77 600 0.5 AA+ 310 20111012 3.8 0.42 3.77 600 0.5 AA+ 311 20111012 3.64 0.34 3.62 500 0.21 AA+ 313-1 20111011 3.86 0.42 3.84 400 0.68 AA+ 112 20111011 3.84 0.44 3.83 400 0.51 AA+ 45 20111013 4.07 0.68 4.08 600 2.99 AA0 GS11 20111011 4 0.54 4.01 300 1.04 AA0 LG57 20111013 4.3 0.77 4.27 200 4.02 AA0 LG57 20111011 4.33 0.73 4.32 400 4.03 AA0 LG58-2 20111012 4.37 0.82 4.31 1000 4.34 AA0 LG62-2 20111011 4.32 0.7 4.38 200 4.82
AA0 LG62-2 20111012 4.32 0.77 4.32 400 4.81 AA0 LG64 20111013 4.38 0.85 4.32 300 4.96 AA0 LG64 20111010 4.35 0.74 4.37 600 4.97 AA0 LG64 20111014 4.32 0.78 4.33 400 4.96 AA0 SKC & C18 20111012 3.86 0.49 3.81 300 0.43 AA0 275 20111011 4.14 0.76 3.822 321.2 0.44 AA0 275 20111014 3.84 0.49 3.7898 300.4 0.43 AA0 35 20111012 4.14 0.69 4.14 500 1.04 AA0 65 20111011 3.91 0.5 3.9 200 0.55 AA0 8 20111010 3.76 0.41 3.76 1060 0.35 AA0 2010-08 20111011 5.19 1.69 4.64 70 1.89 AA0 43 20111010 3.98 0.62 3.98 2000 0.38 AA0 134 20111010 3.89 0.53 3.74 235 0.38 AA0 138 20111013 4.05 0.64 4.07 300 2.19 AA0 138 20111014 4.14 0.71 4.05 235 2.19 AA0 142 20111011 3.85 0.52 3.78 300 0.28 AA0 142 20111010 3.82 0.48 3.76 2300 0.28 AA0 82 20111010 4.12 0.6 4.15 300 1.92 AA0 89 20111014 3.7 0.43 3.68 600 0.17 AA0 94 20111011 4.27 0.67 4.27 1500 3.99 AA0 94 20111010 4.23 0.63 4.25 100 3.99 AA- CJ154 20111013 4.17 0.78 4.18 500 2.57 AA- CJ154 20111010 4.23 0.77 4.27 200 2.58 AA- E120-2 20111013 3.92 0.51 3.93 500 0.7 AA- E121-2 20111010 4.23 0.76 4.26 300 2.38 AA- E121-3 20111010 4.44 0.84 4.46 2200 4.38 AA- E122-2 20111010 4.24 0.77 4.29 100 2.66 AA- LG82 20111010 4.11 0.6 4.14 600 1.55 AA- LG88-1 20111014 4.21 0.8 4.22 1400 3 AA- LG88-2 20111014 4.47 0.93 4.47 500 5 AA- LG2 20111013 4.22 0.83 4.21 400 2.48 AA- SK166-2 20111010 3.9 0.54 3.85 700 0.38 AA- SK174-2 20111010 4.44 0.84 4.46 600 4.38 AA- SK 35 20111011 4.32 0.84 4.32 400 2.97 AA- 1 20111012 4.28 0.91 4.2 440 0.47 AA- 2 20111013 4.2 0.81 4.2 300 2.65 AA- 1-1 20111010 4.36 0.89 4.36 400 2.86 AA- 1-1 20111014 4.37 0.96 4.28 50 2.85 AA- 88 20111011 4.05 0.66 4.08 210.4 0.45 AA- 88 20111010 4.03 0.64 4.07 115.1 0.45 AA- 88 20111014 4 0.64 4.01 200 0.44 AA- 18 20111011 4.07 0.6 4.03 300 1.06 AA- 18 20111012 4.07 0.62 4.03 1080 1.06 AA- 27-1 20111014 4.23 0.82 4.25 900 3 AA- 27-2 20111014 4.57 1.03 4.51 400 5 AA- 3-2 20111013 4.14 0.71 4.13 180 0.92 AA- 3-2 20111012 4.14 0.7 4.15 180 0.92 AA- 5 20111010 4.21 0.7 4.21 200 1.47 AA- 46 20111012 4.53 1.04 4.47 200 1.63
KIS Credit Monitor 2011.10.24 72 73 AA- 106 20111011 4.27 0.81 4.27 1100 2.51 AA- 106 20111012 4.27 0.86 4.23 220 2.51 AA- 106 20111014 4.21 0.8 4.21 300 2.5 A+ 99 20111014 4.51 1.19 4.78 121.8 0.27 A+ 99 20111013 4.62 1.3 4.78 300 0.27 A+ 5-2 20111010 4.48 0.88 4.51 100 3.97 A+ 17 20111010 4.35 0.87 4.37 500 3 A+ 233-1 20111014 4.29 0.88 4.3 1800 3 A+ 248-1 20111014 4.61 1.2 4.52 700 2.99 A+ 248-2 20111012 5.08 1.53 5.05 100 5 A0 SKC125-1 20111010 4.11 0.66 4.13 700 0.74 A0 SKC125-1 20111012 4.11 0.68 4.14 100 0.74 A0 18-2 20111012 5.49 2.06 4.95 70 0.7 A0 25-2 20111010 4.13 0.79 4.08 100 0.33 A0 26-2 20111013 4.14 0.75 4.13 300 0.62 A0 26-2 20111011 4.16 0.74 4.15 300 0.62 A0 29-2 20111011 4.26 0.79 4.24 300 1.09 A0 34-3 20111010 4.45 1.1 4.08 62 0.34 A0 35 20111014 4.1 0.73 4.11 200 0.49 A0 36-1 20111010 4.91 1.45 4.18 175 0.82 A0 37-2 20111012 4.59 1.17 4.6 415 3.05 A0 42-1 20111010 4.55 1.09 4.56 1000 2.6 A0 43-1 20111012 4.57 1.16 4.55 200 2.82 A0 10 20111014 5.55 2.13 5.39 582.9 2.36 A0 155 20111010 4.62 1.14 4.64 100 2.94 A0 201 20111013 4.58 1.19 4.52 200 2.96 A0 18 20111010 4.41 0.95 4.43 400 2.55 A- STX7 20111012 6.43 3.05 6.37 55.7 0.47 A- 207CB 20111011 0.23-3.27 2.2513 80.1 1.9 A- 211 20111010 5.54 1.94 5.38 429 4.57 A- 57 20111012 5.78 2.37 5.79 202.1 2.52 BBB+ 21 20111014 5.74 2.33 5.8 1385.1 3
BUCKET KTB Bank Bond Corporate Corporate Other Fin AAA Bond AAA Bond A- Debentures AA0 3M 3.32 3.48 3.62 4.25 3.78 6M 3.38 3.57 3.75 4.38 4.04 9M 3.43 3.62 3.84 4.43 4.11 1Y 3.45 3.64 3.9 4.48 4.17 1.5Y 3.49 3.71 3.98 4.57 4.27 2Y 3.47 3.8 4.06 4.67 4.35 2.5Y 3.43 3.85 4.08 4.87 4.49 3Y 3.43 3.85 4.08 4.87 4.49 4Y 3.56 3.98 4.16 5.41 4.62 5Y 3.57 4.05 4.21 5.87 4.78 7Y 3.73 4.17 4.23 6.53 5.03 10Y 3.81 4.29 4.29 7.14 5.52 3 AAA 3 (Spread) A0 3 (Spread) 20111010 3.48 4.14 66 4.68 120 20111011 3.48 4.14 66 4.68 120 20111012 3.41 4.08 67 4.62 121 20111013 3.39 4.05 66 4.59 120 20111014 3.41 4.07 66 4.61 120
KIS Credit Monitor 2011.10.24 74 75
(, ) Parity ( ) AA0 275 20111010 68,600 9.97 11,292.77 23.5 0.44 4,000 AA0 275 20111011 69,600 10.12 11,314.53 159.8 0.44 4,000 AA0 275 20111014 70,300 10.22 11,322.58 300 0.43 4,000 A+ LG 23 20111010 70,000 0.60 10,619.93 5.5 0.84 500 A+ LG 27CB 20111011 70,200 0.47 9,300.00 2.5 3.08 2,000 A+ LG 27CB 20111012 71,000 0.47 9,350.00 0.5 3.08 2,000 A+ 40EB 20111012 3,690 0.62 9,706.39 6.4 4.67 2,200 A+ 40EB 20111013 3,730 0.62 9,706.67 1.5 4.67 2,200 A+ 40EB 20111014 3,735 0.62 9,783.00 1 4.67 2,200 A0 82CB 20111011 4,600 0.78 10,001.00 0.5 5.47 224 A- 64CB 20111010 3,650 0.73 9,759.17 8.5 2.62 1,000 A- 64CB 20111013 3,730 0.75 9,900.00 0.9 2.61 1,000 A- 64CB 20111014 3,735 0.75 9,900.00 0.8 2.61 1,000 A- 65 20111010 3,650 0.73 9,483.01 2.8 2.62 1,000 A- 65 20111012 3,690 0.74 9,663.00 1 2.62 1,000 A- 65 20111013 3,730 0.75 9,420.43 6.9 2.61 1,000 A- 39 20111010 8,390 0.68 11,197.29 13.3 0.63 1,700 A- 39 20111011 8,460 0.69 11,199.00 2 0.63 1,700 A- 39 20111012 8,130 0.66 11,256.00 6 0.63 1,700 A- 39 20111013 7,930 0.65 11,211.18 9 0.63 1,700 A- 39 20111014 8,000 0.65 11,259.00 15 0.62 1,700 A- 11CB 20111011 3,170 0.24 11,161.00 0.6 1.35 1,000 A- 11CB 20111012 3,285 0.25 11,200.00 1.3 1.35 1,000 A- 207CB 20111011 22,250 0.95 11,900.00 80 1.9 5,000 A- 207CB 20111012 22,550 0.97 11,750.00 0.8 1.9 5,000 A- 207CB 20111013 21,850 0.94 11,700.00 0.6 1.9 5,000 A- 2 20111014 24,450 0.91 10,850.00 6 0.37 1,000 BBB+ 60 20111010 7,550 1.51 11,124.00 0.6 0.47 1,000 BBB+ 60 20111014 8,290 1.66 11,140.19 8 0.46 1,000 BBB0 146 20111011 3,745 0.16 11,207.48 1.6 0.65 3,500 BBB0 152 20111010 3,740 0.71 7,401.00 0.6 3.45 2,500 BBB0 152 20111011 3,745 0.71 7,399.24 15.2 3.44 2,500 BBB0 152 20111012 3,790 0.72 7,450.00 0.7 3.44 2,500 BBB0 152 20111013 4,030 0.77 7,812.64 10.1 3.44 2,500 BBB0 152 20111014 4,130 0.79 7,873.83 3.7 3.44 2,500 BBB0 160 20111013 5,730 0.55 10,798.08 1.4 2.58 600 BBB0 160 20111014 5,660 0.54 10,750.00 BBB0 128 20111010 4,335 0.87 9,841.42 1.9 1.94 1,000 BBB0 128 20111011 4,270 0.85 9,934.02 8.4 1.93 1,000 BBB0 128 20111012 4,245 0.85 9,915.03 2.5 1.93 1,000 BBB0 128 20111013 4,330 0.87 9,932.90 13.9 1.93 1,000
KIS Credit Monitor 2011.10.24 76 77 (, ) Parity ( ) BBB0 128 20111014 4,295 0.86 9,870.00 2 1.92 1,000 BBB- 164 20111010 3,170 0.63 8,400.00 0.5 2.3 400 BBB- 164 20111011 3,140 0.63 8,400.00 0.6 2.29 400 BB+ 12 20111010 862 0.77 8,900.00 1 2.57 261 BB+ 12 20111012 869 0.78 8,910.00 0.5 2.57 261 BB0 14CB 20111012 528 1.06 10,600.00 15 2.51 100 BB0 7CB 20111010 1,925 0.34 10,100.00 0.6 1.35 250 BB- 2CB 20111010 4,915 1.00 11,000.00 2.8 1.28 200 B+ 4 20111012 841 0.89 7,200.00 0.5 2.09 50 CCC 252 20111013 6,080 0.27 10,703.46 1.1 0.63 1,000
KIS Credit Monitor 2011.10.24 78 79 2011/10/13 2011/10/06 2011/09/13 US TREASURY 2Y 0.28 0.27 0.20 0.01 0.08 US TREASURY 5Y 1.10 1.00 0.89 0.10 0.21 US TREASURY 10Y 2.19 1.99 1.99 0.20 0.19 US TREASURY 30Y 3.15 2.95 3.33 0.20-0.18 BUNDESCA ANW 2Y 0.62 0.61 0.50 0.01 0.12 BUNDESOBL 5Y 1.32 1.21 0.94 0.10 0.38 DEUTSCHLAND REP 10Y 2.11 1.94 1.79 0.16 0.31 DEUTSCHLAND REP 30Y 2.85 2.72 2.68 0.13 0.17 JAPAN GOVT 2Y 0.14 0.15 0.14 0.00 0.00 JAPAN GOVT 5Y 0.37 0.34 0.36 0.03 0.02 JAPAN GOVT 10Y 1.02 0.98 1.01 0.04 0.02 JAPAN GOVT 30Y 1.95 1.92 1.95 0.02-0.01 USD IRS KRW CRS KRW IRS 2011/10/13 2011/10/06 2011/10/13 2011/10/06 2011/10/13 2011/10/06 1Y 0.56 0.56 0.00 1.51 0.96 0.55 3.48 3.45 0.03 2Y 0.65 0.63 0.03 1.30 0.46 0.84 3.41 3.36 0.05 3Y 0.87 0.79 0.08 1.31 0.45 0.86 3.42 3.35 0.07 4Y 1.16 1.04 0.12 1.36 0.49 0.87 3.42 3.35 0.07 5Y 1.46 1.30 0.15 1.47 0.59 0.88 3.44 3.37 0.07 7Y 1.94 1.73 0.21 1.51 0.65 0.86 3.51 3.44 0.07 10Y 2.37 2.12 0.25 1.55 0.69 0.86 3.61 3.55 0.06
Special Report KOREA Market US Market EURO Market 2011/10/13 2011/10/13 2011/10/13 CD(91) 3.58 0.00 FDFD 0.09 0.00 EUDR1T 0.75 0.05 CP 3.68 0.00 3M LIBOR 0.40 0.02 3M EURIBOR 1.50 0.01 6M LIBOR 0.59 0.01 6M EURIBOR 1.72 0.01 2011/10/13 2011/10/06 USD 1155.90 1191.15-35.25 JPY 14.98 15.53-0.55 EUR 1595.49 1590.30 5.18 GBP 1819.85 1840.09-20.24 AUD 1180.41 1157.14 23.26 CNY 181.20 186.72-5.52 LG Electronics Inc 10/14/2011 Outlook S&P STABLE LG Electronics Inc 10/14/2011 LT Foreign Issuer Credit S&P BBB- BBB LG Electronics Inc 10/14/2011 LT Local Issuer Credit S&P BBB- BBB LG Electronics Inc 10/13/2011 Outlook Moody's NEG
KIS Credit Monitor 2011.10.24 80 81 POSCO SAMURAI JPY 2011-10-20 2016-10-20 2.03 NR 11400 POSCO SAMURAI JPY 2011-10-20 2014-10-20 1.67 NR 30,000 KOREA DEV BANK EURO MTN SGD 2011-10-19 2012-10-19 1.45-50 KOREA DEV BANK SAMURAI JPY 2011-10-21 2016-10-21 1.91 NR 2400 KOREA DEV BANK SAMURAI JPY 2011-10-21 2014-10-21 1.57 NR 600 KOREA DEV BANK SAMURAI JPY 2011-10-21 2013-10-21 1.45 NR 3700 KOREA DEV BANK SAMURAI JPY 2011-10-21 2012-10-22 1.3 NR 47,000 EXP-IMP BK KOREA EURO MTN CHF 2011-11-10 2015-03-30 2.375-125 MIRAE ASSET SEC EURO-DOLLAR USD 2011-10-18 2017-04-18 WI - 0 KOREA DEV BANK EURO MTN NOK 2011-10-17 2012-10-17 3.51-287 SHINHAN BANK TERM USD 2011-10-03 2014-10-11 0-30 SHINHAN BANK TERM USD 2011-10-03 2012-10-11 0-90
KIS Credit Monitor 2011.10.24 84 85 KIS Credit Monitor Korea Investors Service
KIS Credit Monitor 2011.10.24 84 85 () OUTLOOK 3110 SB '10.12.31 '11.10.04 AAA Stable 2011-10 SB '10.12.31 '11.10.04 AAA Stable 11-10 SB '10.12.31 '11.10.04 AAA Stable 15-10 SB '10.12.31 '11.10.04 AAA Stable 11- -0300-1004-1 SB '10.12.31 '11.10.04 AAA Stable 248-1 SB 400 '10.12.31 '11.10.04 A+ Stable 248-2 SB 500 '10.12.31 '11.10.04 A+ Stable 13-1 SB 400 '11.10.05 AA+ Stable 13-2 SB 300 '11.10.05 AA+ Stable 13-3 SB 500 '11.10.05 AA+ Stable 13-4 SB 100 '11.10.05 AA+ Stable 13-5 SB 1,000 '11.10.05 AA+ Stable 253 SB 200 '11.03.31 '11.10.05 A- Stable 128-1 SB 700 '10.12.31 '11.10.06 A Positive 128-2 SB 600 '10.12.31 '11.10.06 A Positive 128-3 SB 200 '10.12.31 '11.10.06 A Positive 27-1 SB 1,400 '10.12.31 '11.10.06 AA- Stable 27-2 SB 1,100 '10.12.31 '11.10.06 AA- Stable 2 SB 100 '10.12.31 '11.10.07 A Stable 13 SB 1,400 '10.12.31 '11.10.07 A Stable 15 SB 500 '10.12.31 '11.10.10 A+ Stable 291-1 SB 300 '10.12.31 '11.10.10 BBB Stable 292-2 SB 200 '10.12.31 '11.10.10 BBB Stable 15-10 SB '10.12.31 '11.10.10 AA+ Stable 7 SB 700 '10.12.31 '11.10.10 A- Stable 17 SB '10.12.31 '11.10.11 AAA Stable 240 SB '10.12.31 '11.10.11 AA- Stable 1110 1A SB '10.12.31 '11.10.11 AAA Stable 221 SB 500 '11.03.31 '11.10.11 A Stable 8 SB 500 '10.12.31 '11.10.12 AAA Stable 64-1 SB 700 '10.12.31 '11.10.12 AA Stable 64-2 SB 1,500 '10.12.31 '11.10.12 AA Stable 3 SB '10.12.31 '11.10.13 AAA Stable 30 SB 900 '10.12.31 '11.10.13 A+ Positive 65 SB 400 '10.12.31 '11.10.13 AA- Stable 26 SB 1,000 '10.12.31 '11.10.13 AAA Stable 1 HB 2,400 '10.12.31 '11.10.14 AA Stable Issuer Rating '11.03.31 '11.10.14 A Stable '10.12.31 '11.10.06 A2 4-1 ABCP 912 '11.10.04 A1 4-2 ABCP 912 '11.10.04 A1
() OUTLOOK 4-3 ABCP 912 '11.10.04 A1 4-4 ABCP 912 '11.10.04 A1 2-1 ABCP 100 '11.10.06 A2 2-2 ABCP 200 '11.10.06 A2 1 ABCP 665 '11.10.07 A1 1 ABCP 680 '11.10.07 A2+ 3-1 ABCP 1,390 '11.10.07 A2+ 1-1 ABS 3,642 '11.10.10 AAA ABL 500 '11.10.13 A 1 ABCP 200 '11.10.13 A2
KIS Credit Monitor 2011.10.24 86 87 OUTLOOK 32 SB 500 '10.12.31 '11.10.12 A- BBB+ Negative 35 SB 250 '10.12.31 '11.10.12 A- BBB+ Negative 62 SB 1,000 '10.12.31 '11.10.12 AA- AA Stable 63 SB 700 '10.12.31 '11.10.12 AA- AA Stable '10.12.31 '11.10.12 A2- A3+ 1 ABCP 69 '11.10.10 A2+ A2 4 ABCP 241 '11.10.10 A2+ A2 5 ABCP 4 '11.10.10 A2+ A2 4 ABCP 512 '11.10.10 A2+ A2 5 ABCP 9 '11.10.10 A2+ A2 1 ABCP 526 '11.10.10 A2+ A2 4 ABCP 500 '11.10.12 A2- A3+
2 CCC 10.06.30 11.02.17 2 2 CCC 10.06.30 11.02.21 86 A 10.12.31 11.07.04 23 BBB 10.12.31 11.07.04 Issuer Rating BBB+ 10.12.31 11.06.30 A3+ 10.12.31 11.06.30
KIS Credit Monitor 2011.10.24 88 89 AAA 14 1 15 30 2 16 48 63 AA 64 1 65 41 4 17 62 127 A 74 74 45 9 54 128 BBB 19 1 20 25 5 30 50 171 3 174 141 20 33 194 368 BB 6 4 10 5 10 15 25 B 2 1 3 3 12 15 18 CCC 2 2 2 4 6 8 10 5 15 10 26 36 51 181 8 189 151 46 33 230 419 AAA AA A BBB BB B CCC CC C 1 1 1 3 6 7 1 14 1 1 2 1 5 4 4 5 5 6 7 4 1 18 5 1 1 7 2 1 2 5 2 2 1 1 6 1 4 7 2 1 2 17 1 7 1 4 13 4 3 4 5 5 1 2 24 1 3 1 2 1 8 3 3 2 8 3 4 7 10 5 15 3 10 9 8 4 1 1 36 4 8 2 2 16 1 14 9 2 1 1 28 7 2 7 4 20 2 1 3 6 8 10 1 19 2 6 4 2 2 16 12 4 16 2 4 2 8 5 13 13 4 35 10 3 3 2 1 1 20 4 4 4 1 13 10 12 1 23 1 1 1 1 4 63 127 128 50 25 18 6 2 419
A1 53 1 54 51 3 11 65 119 A2 30 30 35 2 37 67 A3 9 1 10 17 8 25 35 92 2 94 103 13 11 127 221 B 2 2 4 1 5 7 C 1 1 1 2 2 5 1 6 8 94 2 96 108 14 11 133 229 A1 A2 A3 B C 2 2 10 2 12 2 2 1 4 5 2 2 1 1 2 1 5 3 3 1 7 2 3 2 1 8 2 1 1 4 2 1 3 1 3 4 3 4 1 8 10 10 4 5 9 1 19 4 1 1 6 21 8 3 32 7 6 2 15 1 1 2 6 3 1 10 5 1 1 7 10 12 7 1 30 8 4 1 1 14 1 1 11 4 15 1 1 3 1 6 119 67 35 7 1 229
KIS Credit Monitor 2011.10.24 90 91 A Stable A2 AA+ Stable A1 A- Stable BBB+* Stable BB+ Stable B+ BBB- Stable F&B A+ Stable AA- Stable A1 AA+ Stable A1 AA+ Stable A+* Positive A1 AA- Stable A1 BBB Stable A3+ BBB+ Stable A3+ AA- Stable A1 A1 A2+ A1 A1 A- Stable A1 A+ Stable A+ Stable A1 AAA Stable A1 A+ Stable A2+ A- Stable CCC CJ AA Stable A1 // A- Stable A Stable BBB+ Stable BBB+* Stable BB+* Positive BBB+* Stable A Stable A+ Stable A- Stable BBB+ Stable BBB+ Stable A+* Stable BBB Stable A-* Stable A- Stable A- Stable A-* Stable BB- Stable B-* Stable BBB+ Stable B Stable BBB+ Stable AA- Stable AA+ 5) Stable A Positive A2 A* Positive A2 AA+ 10) Stable A1 AA+ 11) Stable BB-* Stable AA+ 7) Stable A1 AA-* Stable A1 A+ Stable A2+ AA- Stable A Stable A1 A Stable A* Stable AA Stable A1 BBB- Stable BBB Stable A2- A- Stable BB-* Stable AA Stable A Stable A- Stable A-* Stable AA- Stable AA-* Stable AA+ Stable A+ Stable A2+ GS AA+ Stable A1 LG A+ Stable LG AA Stable LG AA- Stable LG AA+ Stable SK A Positive A2 S-OIL AA+ Stable // AA Stable C BB- Stable A3+ A- Stable BB* Stable A+ Stable A+* Stable BBB+ Positive A3 A-* Stable A Stable A Stable A2 A+ Stable A2+ A Stable A2 B+ Stable A Stable A2 A Stable A2 AA-* Negative A1 A1 A Stable BB Positive A- Stable BB- Stable B Stable BB Stable AAA Stable
AA- Stable A1 A1 BBB+ Positive A- Stable A Stable A2 AA Stable A1 AA- Stable AA-* Stable STX BBB+* Stable A3+ STX A- Stable // A Stable A2 BBB* Stable BB-* Stable BBB Stable BBB Stable BBB- Stable BBB-* Stable C Stable A+ Stable B- Stable AA Stable A1 AA Positive A1 BB-* Stable C Negative BB+ Stable B B- Positive AA-* Stable AA Stable A1 BBB+* A3+ B Stable AA- Stable AA- Stable A+ Stable AA- Stable A1 BB+ Stable BB* Stable B Stable BBB+ Stable A- Stable B- Stable CCC Negative BB-* Stable BB+* Stable AA- Stable BBB+ Stable A3+ BBB+* Stable A3+ A- Stable B- Stable LG AA Stable LS AA- Stable A1 LS A+ Stable A1 / AA Stable A3 BBB Stable AA- Stable BBB* Stable A1 A+ Stable A2+ A+* Stable A2+ A Stable A2 A Stable A2+ A Positive A2 AA Stable AA* Stable A1 A1 A+ Stable A2+ AA+ Stable AA+* Stable A1 A+ Stable A2+ STX A- Stable A2- AA+ Stable A1 AA Stable AA Stable A1 AA+ 4) A1 AA+ Stable A1 AAA Stable A1 AAA Stable AAA Stable A1 AAA Stable A1 AAA Stable A1 AAA Stable A1 AAA Stable AAA Stable A1 AAA Stable A1 AAA Stable GS AA Stable GS AA* Stable / BBB-* Positive A3- AA+ Stable BBB+ Negative A3+ AA+ Stable CCC AA+ Stable AA- Stable A1 AA-* Stable A1 A- Stable A Stable A+* Stable AA+ Stable A1 BBB Stable A3 A- Stable A2+ BB Stable B+ Stable
KIS Credit Monitor 2011.10.24 92 93 BB+ Stable AA-* Stable A1 B+ BBB+ Negative A3- BBB* Stable BB-* Stable BBB+ Stable A3+ AAA 15) Stable A3+ BBB+* Stable A3+ A3+ AA Stable A3- A3- AA+ Stable A Stable A2+ A- Stable AAA Stable A1 AAA Stable BBB+ Stable A3+ BBB+ Stable BB* Stable A- Stable A2- AA- Stable AA-* Stable A+ Stable A2+ A+ Stable A Stable AA Stable GS AA- Stable A1 SK A+ Stable A2+ // A3- A+ Stable A2+ A+* Stable A2+ A Stable A2 A 14) Stable A2 AA- Stable A1 A A Positive BBB- Negative BBB-* Negative A1 AA+ Stable A1 A1 A1 A Stable AAA Stable AA Stable A1 AAA Stable AA- Stable A1 AA- Stable A1 AAA Stable A1 A2+ AA+ Stable A1 A1 BB-* Stable AA- Stable A2+ BBB+ Stable A3+ A2+ AAA Stable AAA* Stable B- Stable BBB+ Positive A2- BBB+ Stable A3+ AA+ 13) Stable A1 AAA Stable A1 AAA Stable BB-* Stable AAA Stable A1 A Stable A2+ A- Stable A-* Stable A2 A3- BBB A2 AAA Stable A1 A1 A- Positive A Stable A2 A1 BBB+ Stable A3+ AA+ Stable A1 A Stable A2 A1 A Stable A1 AA+ Stable A1 AA Stable A1 AA- Stable A1 A1 E1 AA- Stable A1 GS AA- Stable A1 LG A+ Stable A1 LS A2+ SK AA- Stable SK AA- Stable A1 SK AA-* Stable A1 SK A Stable A2 STX A- Stable A2- STX A Stable BB+* Stable AA- Stable A1 A Positive A2+ BB- Developing AAA Stable A Stable A-* Stable LG AA- Positive A1 SK AAA Stable A1
/ B+** Negative AA+ Stable AA** Stable AA-**** Stable AA** Stable AA-**** Stable AAA Stable AA+** Stable AA**** Stable AA+* Stable A1 BBB*** Stable BBB** Negative A*** Stable AAA Stable AAA* Stable AA+** Stable AA**** Stable AA Positive A1 AA-** Positive A1 AAA*** Stable A3- B+ A** Stable A2+ B+ A3- A+ Stable A2+ A** Stable A2+ A+*** Stable AA Positive A1 AA- Stable BBB+* Positive AA-* Stable AA- Stable A1 AA-* Stable A1 A+* Stable A1 A** Stable A1 AA*** Stable BBB+ Stable AA- Stable A1 A+** Stable A1 A+ Stable A2+ BBB-* Stable A3-2 CCC** AAA Stable AA+** Stable AA**** Stable CCC** A Stable A2 A* Stable A2 A+* Stable AAA Stable A1 AAA* Stable A1 A+ Stable A2+ AAA*** Stable AA Positive AA* Positive AA+ Stable A1 AAA* Stable AAA*** Stable B-** Negative A-* Stable A2- AAA Stable AA+** Stable AA**** Stable AAA Stable AA-* Stable A1 AAA Stable AA**** Stable AA Stable A1 AAA*** Stable AAA Stable AA+** Stable AA**** Stable AA+ Stable A1 AA- Stable A+ Stable A1 AAA* Stable BBB+ Stable A+ Stable A2+ A+ Stable A+* Stable AA 9) Stable A+* Stable A+* A Stable A2 A* Stable AA- Stable A1 A Stable A2 AAA Stable A+ Positive A2+ AAA Stable AAA* Stable AA+** Stable AA**** Stable A Positive A2 A-** Positive A2 AA Positive A1 AA-** Positive A1 A+ Positive A2+ A** Positive A2+ A3- A+* Stable AA+ Stable AA+* Stable AA** Stable AA+ Stable AA+* Stable AA** Stable AAA Stable AA**** Stable AAA Stable AA+ Stable A1 AA+* Stable A1 AAA 12) Stable A1 A2+ A1
KIS Credit Monitor 2011.10.24 94 95 A Stable A2 A* Stable A2 AA- Stable A1 A+* Stable A* AA-* AAA Stable A1 AA**** Stable A1 AA* Stable AA Stable AA-** Stable AA-*** Stable AAA Stable AA+** Stable AA**** Stable A+ Stable A2+ A** Stable A2+ B- Stable BBB* Stable A3 A1 A Stable A2 AAA Stable AAA Stable AAA Stable A1 AAA Stable AA+** Stable A+* Stable AA Stable AAA Stable AA+** Stable A3 AAA Stable AA+** Stable AA**** Stable AAA Stable A1 B+** Negative AAA Stable A1 AAA* Stable A1 AAA Stable A1 AAA Stable A1 A- Stable A2- A-* Stable A2- BBB+ Stable A3+ AA- Stable A1 AA- Stable A1 CCC* A* Positive A-** Positive A*** Positive A3+ B+** Stable AA- Stable AA+ Stable A1 AA+ Stable A1 AA+ 3) Stable AA- Stable A1 A+** Stable A1 AAA* Stable A Stable A2 A+ Stable A2+ AA*** Stable A-*** Stable BS AAA Stable BS AAA* Stable KB AAA Stable NH A+ Stable A1 NH A** Stable A1 SK A+ Stable A2+ SK A** Stable A2+ / // AA+ Stable A1 AA+ Stable A+ Stable A+ 6) Stable B+ A Stable A2+ A+ Stable A2+ A- Stable B A2- AA+ Stable A1 A+ Stable A Stable A+ Stable A2+ AA- 8) Stable BBB Stable A3 BBB Stable B* Stable A1 AAA Stable A1 A2- AA+ Stable AA+* Stable BBB+ Positive A3+ AA+ Stable AA+ Stable A1 AA-* Stable AA+ Stable AA+ Stable A3+ A3- AA+ Stable A+ Positive A- Stable A Stable A2+ AAA* Stable AAA Stable AAA Stable A1 AAA Stable A Stable CJ AA- Stable GS AA Stable A1 LG AA Stable LS AA- Stable A1
SBS AA Stable SK AA+ Stable A1 SK A1
KIS Credit Monitor 2011.10.24 96 97 1-1 AAA 11.06.29 14.06.29 1-2 C 11.06.29 14.09.29 1-1 AAA 11.09.29 14.09.29 1-2 C 11.09.29 14.12.29 1-1 AAA 11.03.30 14.03.30 1-2 C 11.03.30 14.06.30 1-3 C 11.03.30 14.06.30 1-1 AAA 11.06.29 14.06.29 1-2 C 11.06.29 14.09.29 1-3 C 11.06.29 14.09.29 1-1 AAA 11.09.29 14.09.29 1-2 C 11.09.29 14.12.29 1-3 C 11.09.29 14.12.09 ABL BBB- 10.07.30 12.07.30 1-7 AAA 09.10.13 12.01.13 1-8 AAA 09.10.13 12.04.13 1-9 AAA 09.10.13 12.07.13 1-10 AAA 09.10.13 12.10.13 1-11 AAA 09.10.13 13.01.13 1-12 AAA 09.10.13 13.04.13 1-13 AAA 09.10.13 13.07.13 1-14 AAA 09.10.13 13.10.13 1-15 AAA 09.10.13 14.01.13 1-16 AAA 09.10.13 14.04.13 1-17 AAA 09.10.13 14.07.13 1-18 AAA 09.10.13 14.10.13 1-1 AA- '10.05.04 '13.05.04 1-9 B 09.07.02 12.05.02 1-10 CCC 09.07.02 12.06.02 1-6 AAA '10.01.07 '12.01.07 1-7 A '10.01.07 '12.04.07 1-8 BBB '10.01.07 '12.07.07 1-9 BB '10.01.07 '12.10.07 1-10 B '10.01.07 '12.11.07 1-11 CCC '10.01.07 '12.12.07 1-7 AAA 09.10.06 12.04.06 1-8 BB 09.10.06 12.07.06 1-9 B 09.10.06 12.08.06 1-10 CCC 09.10.06 12.09.06 1-1 AA- 11.07.28 15.03.30 1-1 AA- 11.06.28 15.01.30 1-3 AAA '10.12.14 '11.12.14 1-4 AAA '10.12.14 '12.03.14 1-5 AAA '10.12.14 '12.06.14 1-6 AAA '10.12.14 '12.09.14 1-7 AAA '10.12.14 '12.12.14 1-8 AAA '10.12.14 '13.03.14 1-9 AAA '10.12.14 '13.06.14 1-10 AAA '10.12.14 '13.09.14 1-11 AAA '10.12.14 '13.12.14 1-5 AAA '10.07.20 '11.10.20 1-6 AAA '10.07.20 '12.01.20 1-7 AAA '10.07.20 '12.04.20 1-8 AAA '10.07.20 '12.07.20 1-6 AAA 10.05.06 11.11.06 1-7 AAA 10.05.06 12.02.06 1-8 AAA 10.05.06 12.05.06 1-9 AAA 10.05.06 12.08.06 1-10 AAA 10.05.06 12.11.06 1-11 AAA 10.05.06 13.02.06 1-12 AAA 10.05.06 13.05.06 1-1 AAA 10.12.16 13.12.16 1-1 AAA 09.12.17 12.06.17 1-1 AAA 11.10.17 14.04.17 1-9 AAA '05.03.30 '12.09.30 1-10 AAA '05.03.30 '13.09.30 1-11 AAA '05.03.30 '14.09.30 1-12 AAA '05.03.30 '15.09.30 1-13 AAA '05.03.30 '16.09.30 1-14 AAA '05.03.30 '17.09.30 1-15 AAA '05.03.30 '18.09.30 1-6 AAA '10.04.29 '11.10.29 1-7 AAA '10.04.29 '12.01.29 1-8 AAA '10.04.29 '12.04.29 1-9 AAA '10.04.29 '12.07.29 1-10 AAA '10.04.29 '12.10.29 1-11 AAA '10.04.29 '13.01.29 1-12 AAA '10.04.29 '13.04.29 1-13 AAA '10.04.29 '13.07.29 1-14 AAA '10.04.29 '13.10.29 1-15 AAA '10.04.29 '14.01.29 1-16 AAA '10.04.29 '14.04.29 ABL 1-6 A 09.09.10 11.12.10 ABL 1-7 A 09.09.10 12.03.10 ABL 1-8 A 09.09.10 12.06.10 ABL 1-9 A 09.09.10 12.09.10 ABL 1-10 A 09.09.10 12.12.10 ABL 1-11 A 09.09.10 13.03.10 1-1 AA- 09.10.19 13.02.19 1-10 AAA 09.11.16 11.10.17 1-11 AAA 09.11.16 11.11.16 1-13 AAA 09.06.04 11.12.02 1-1 BBB+ '05.01.11 '21.01.11 1-11 AAA '10.11.30 '11.10.30 1-12 AAA '10.11.30 '11.11.30 1-13 AAA '10.11.30 '11.12.30 1-14 AAA '10.11.30 '12.01.30 1-15 AAA '10.11.30 '12.02.29 1-16 AAA '10.11.30 '12.03.30 1-17 AAA '10.11.30 '12.04.30 1-18 AAA '10.11.30 '12.05.30 1-19 AAA '10.11.30 '12.06.30 1-20 AAA '10.11.30 '12.07.30 1-21 AAA '10.11.30 '12.08.30 1-22 AAA '10.11.30 '12.09.30 1-23 AAA '10.11.30 '12.10.30 1-24 AAA '10.11.30 '12.11.30 1-25 AAA '10.11.30 '12.12.30 1-26 AAA '10.11.30 '13.01.30 1-27 AAA '10.11.30 '13.02.28 1-28 AAA '10.11.30 '13.03.30 1-29 AAA '10.11.30 '13.04.30 1-30 AAA '10.11.30 '13.05.30 1-31 AAA '10.11.30 '13.06.30 1-32 AAA '10.11.30 '13.07.30 1-33 AAA '10.11.30 '13.08.30 1-34 AAA '10.11.30 '13.09.30
1-35 AAA '10.11.30 '13.10.30 1-36 AAA '10.11.30 '13.11.30 1-4 AAA '10.12.23 '11.12.23 1-5 AAA '10.12.23 '12.03.23 1-6 AAA '10.12.23 '12.06.23 1-7 AAA '10.12.23 '12.09.23 1-8 AAA '10.12.23 '12.12.23 1-2 AAA '11.04.27 '11.10.27 1-3 AAA '11.04.27 '12.01.27 1-4 AAA '11.04.27 '12.04.27 1-5 AAA '11.04.27 '12.07.27 1-6 AAA '11.04.27 '12.10.27 1-7 AAA '11.04.27 '13.01.27 1-8 AAA '11.04.27 '13.04.27 1-2 AAA '11.06.28 '11.12.28 1-3 AAA '11.06.28 '12.03.28 1-4 AAA '11.06.28 '12.06.28 1-5 AAA '11.06.28 '12.09.28 1-6 AAA '11.06.28 '12.12.28 1-7 AAA '11.06.28 '13.03.28 1-8 AAA '11.06.28 '13.06.28 1-4 AAA '10.11.29 '11.11.29 1-5 AAA '10.11.29 '12.02.29 1-6 AAA '10.11.29 '12.05.29 1-7 AAA '10.11.29 '12.08.29 1-8 AAA '10.11.29 '12.11.29 ABL A '10.12.30 '11.11.30 1-1 AAA '10.04.22 '13.04.22 1-2 C '10.04.22 '13.07.22 1-1 AAA '10.05.26 '13.05.26 1-2 C '10.05.26 '13.08.26 1-1 AAA '10.09.16 '12.09.16 1-2 AAA '10.09.16 '13.09.16 1-3 C '10.09.16 '13.12.16 1-1 AAA '10.11.23 '12.11.23 1-2 AAA '10.11.23 '13.11.23 1-3 C '10.11.23 '14.02.23 1-3 AAA '08.12.23 '11.12.23 1-4 C '08.12.23 '12.03.23 1-1 AAA '08.12.11 '11.12.11 1-2 C '08.12.11 '12.03.11 1-2 AAA 09.01.29 12.01.29 1-1 AAA 09.06.30 12.06.30 1-2 C 09.06.30 12.09.30 1-1 AAA 09.11.05 11.11.05 1-2 AAA 09.11.05 12.11.05 1-3 C 09.11.05 13.02.05 1-2 AAA 09.12.10 12.12.10 1-4 C 09.12.10 13.03.10 1-2 AAA 09.05.21 12.05.21 1-3 C 09.05.21 12.08.21 1-7 CCC '08.12.30 '11.12.30 1-14 AAA '10.08.31 '11.10.31 1-15 AAA '10.08.31 '11.11.30 1-16 AAA '10.08.31 '11.12.31 1-17 AAA '10.08.31 '12.01.31 1-18 AAA '10.08.31 '12.02.29 1-19 AAA '10.08.31 '12.04.30 1-20 AAA '10.08.31 '12.06.30 1-21 AAA '10.08.31 '12.08.31 1-22 AAA '10.08.31 '12.10.31 1-23 AAA '10.08.31 '12.12.31 1-24 AAA '10.08.31 '13.02.28 1-25 AAA '10.08.31 '13.04.30 6 AAA '01.02.28 '16.02.28 1 AAA '08.11.27 '12.11.27 1-15 AAA '10.06.24 '11.10.24 1-16 AAA '10.06.24 '11.11.24 1-17 AAA '10.06.24 '12.01.20 1-18 AAA '10.06.24 '12.02.24 1-19 AAA '10.06.24 '12.04.24 1-20 AAA '10.06.24 '12.06.22 1-21 AAA '10.06.24 '12.08.24 1-16 AAA '10.04.22 '11.10.21 1-17 AAA '10.04.22 '11.12.22 1-18 AAA '10.04.22 '12.02.22 1-19 AAA '10.04.22 '12.04.20 1-20 AAA '10.04.22 '12.06.22 1-2 AAA '11.09.16 '11.11.16 1-3 AAA '11.09.16 '11.12.16 1-4 AAA '11.09.16 '12.01.16 1-5 AAA '11.09.16 '12.02.16 1-6 AAA '11.09.16 '12.03.16 1-7 AAA '11.09.16 '12.04.16 1-8 AAA '11.09.16 '12.05.16 1-9 AAA '11.09.16 '12.06.15 1-10 AAA '11.09.16 '12.07.16 1-11 AAA '11.09.16 '12.08.16 1-12 AAA '11.09.16 '12.09.14 1-13 AAA '11.09.16 '12.10.16 1-14 AAA '11.09.16 '12.12.14 1-15 AAA '11.09.16 '13.01.16 1-16 AAA '11.09.16 '13.03.15 1-17 AAA '11.09.16 '13.04.16 1-18 AAA '11.09.16 '13.06.14 1-19 AAA '11.09.16 '13.08.16 1-20 AAA '11.09.16 '13.09.16 1-21 AAA '11.09.16 '13.11.15 1-5 AAA '11.05.19 '11.10.19 1-6 AAA '11.05.19 '11.11.18 1-7 AAA '11.05.19 '11.12.19 1-8 AAA '11.05.19 '12.01.19 1-9 AAA '11.05.19 '12.02.17 1-10 AAA '11.05.19 '12.03.19 1-11 AAA '11.05.19 '12.04.19 1-12 AAA '11.05.19 '12.05.18 1-13 AAA '11.05.19 '12.06.19 1-14 AAA '11.05.19 '12.07.19 1-15 AAA '11.05.19 '12.08.17 1-16 AAA '11.05.19 '12.10.19 1-17 AAA '11.05.19 '12.11.19 1-18 AAA '11.05.19 '13.01.18 1-19 AAA '11.05.19 '13.02.19 1-20 AAA '11.05.19 '13.04.19 1-21 AAA '11.05.19 '13.06.19 1-14 AAA '10.09.08 '11.11.08 1-15 AAA '10.09.08 '11.12.08 1-16 AAA '10.09.08 '12.02.05
KIS Credit Monitor 2011.10.24 98 99 1-17 AAA '10.09.08 '12.03.08 1-18 AAA '10.09.08 '12.04.06 1-19 AAA '10.09.08 '12.05.08 1-20 AAA '10.09.08 '12.07.06 1-21 AAA '10.09.08 '12.08.08 1-22 AAA '10.09.08 '12.10.08 1-23 AAA '10.09.08 '12.12.07 1-22 AAA 09.11.26 11.10.26 1-23 AAA 09.11.26 11.11.25 1-24 AAA 09.11.26 11.12.26 1-25 AAA 09.11.26 12.01.26 1-26 AAA 09.11.26 12.03.26 1-27 AAA 09.11.26 12.04.26 1-28 AAA 09.11.26 12.05.26 1-29 AAA 09.11.26 12.06.26 1-30 AAA 09.11.26 12.08.24 1-31 AAA 09.11.26 12.09.26 1-10 AAA 11.01.04 11.11.04 1-11 AAA 11.01.04 11.12.02 1-12 AAA 11.01.04 12.01.04 1-13 AAA 11.01.04 12.02.03 1-14 AAA 11.01.04 12.03.02 1-15 AAA 11.01.04 12.05.04 1-16 AAA 11.01.04 12.06.04 1-17 AAA 11.01.04 12.07.04 1-18 AAA 11.01.04 12.09.04 1-19 AAA 11.01.04 12.11.02 1-20 AAA 11.01.04 12.12.04 1-21 AAA 11.01.04 13.02.04 1-1 AA- 11.06.28 14.07.30 1-1 AAA 11.04.29 11.10.29 1-2 AAA 11.04.29 12.04.29 1-3 AAA 11.04.29 12.10.29 1-4 AAA 11.04.29 13.04.29 1-5 AAA 11.04.29 13.10.29 1-6 AAA 11.04.29 14.04.29 1-7 AAA 11.04.29 14.10.29 1-8 AAA 11.04.29 15.04.29 1-9 AAA 11.04.29 15.10.29 1-10 AAA 11.04.29 16.04.29 1-11 AAA 11.04.29 16.10.29 1-12 AAA 11.04.29 17.04.29 1-13 AAA 11.04.29 17.10.29 1-14 AAA 11.04.29 18.04.29 1-15 AAA 11.04.29 18.10.29 1-16 AAA 11.04.29 19.04.29 1-17 AAA 11.04.29 19.10.29 1-18 AAA 11.04.29 20.04.29 1-19 AAA 11.04.29 20.10.29 1-20 AAA 11.04.29 21.04.29 1-2 AAA 10.11.30 11.11.30 1-3 AAA 10.11.30 12.05.30 1-4 AAA 10.11.30 12.11.30 1-5 AAA 10.11.30 13.05.30 1-6 AAA 10.11.30 13.11.30 1-7 AAA 10.11.30 14.05.30 1-8 AAA 10.11.30 14.11.30 1-9 AAA 10.11.30 15.05.30 1-10 AAA 10.11.30 15.11.30 1-11 AAA 10.11.30 16.05.30 1-12 AAA 10.11.30 16.11.30 1-13 AAA 10.11.30 17.05.30 1-14 AAA 10.11.30 17.11.30 1-15 AAA 10.11.30 18.05.30 1-16 AAA 10.11.30 18.11.30 1-17 AAA 10.11.30 19.05.30 1-18 AAA 10.11.30 19.11.30 1 A+ 10.06.14 13.04.26 1-1 AAA 09.11.12 12.06.18 1-2 AAA 09.11.12 12.07.18 1-3 AAA 09.11.12 12.08.18 1-4 AAA 09.11.12 12.09.18 1-5 AAA 09.11.12 12.11.18 1-6 AAA 09.11.12 12.12.18 1-7 AAA 09.11.12 13.01.18 1-8 AAA 09.11.12 13.02.18 1-9 AAA 09.11.12 13.03.18 1-10 AAA 09.11.12 13.05.18 1-11 AAA 09.11.12 13.06.18 1-12 AAA 09.11.12 13.07.18 1-13 AAA 09.11.12 13.08.18 1-14 AAA 09.11.12 13.09.18 1-15 AAA 09.11.12 13.11.18 1-16 AAA 09.11.12 13.12.18 1-17 AAA 09.11.12 14.01.18 1-18 AAA 09.11.12 14.02.18 1-19 AAA 09.11.12 14.03.18 1-20 AAA 09.11.12 14.04.18 1-21 AAA 09.11.12 14.06.18 1-22 AAA 09.11.12 14.07.18 1-23 AAA 09.11.12 14.08.18 1-24 AAA 09.11.12 14.09.18 1-25 AAA 09.11.12 14.10.18 1-26 AAA 09.11.12 14.11.18 1-27 AAA 09.11.12 15.01.18 1-28 AAA 09.11.12 15.02.18 1-29 AAA 09.11.12 15.03.18 1-30 AAA 09.11.12 15.04.18 1-18 AAA 09.04.06 11.11.18 1-19 AAA 09.04.06 11.12.18 1-20 AAA 09.04.06 12.01.18 1-21 AAA 09.04.06 12.02.18 1-22 AAA 09.04.06 12.03.18 1-23 AAA 09.04.06 12.05.18 1-24 AAA 09.04.06 12.06.18 1-25 AAA 09.04.06 12.07.18 1-26 AAA 09.04.06 12.08.18 1-27 AAA 09.04.06 12.09.18 1-28 AAA 09.04.06 12.10.18 1-29 AAA 09.04.06 12.11.18 1-30 AAA 09.04.06 13.01.18 1-31 AAA 09.04.06 13.02.18 1-32 AAA 09.04.06 13.03.18 1-33 AAA 09.04.06 13.04.18 1-34 AAA 09.04.06 13.05.18 1-35 AAA 09.04.06 13.06.18 1-36 AAA 09.04.06 13.07.18 1-37 AAA 09.04.06 13.08.18
1-38 AAA 09.04.06 13.09.18 1-39 AAA 09.04.06 14.10.18 1-7 AAA '08.12.18 '11.11.18 1-8 AAA '08.12.18 '12.01.18 1-9 AAA '08.12.18 '12.02.18 1-10 AAA '08.12.18 '12.03.18 1-11 AAA '08.12.18 '12.04.18 1-12 AAA '08.12.18 '12.05.18 1-13 AAA '08.12.18 '12.06.18 1-14 AAA '08.12.18 '12.08.18 1-15 AAA '08.12.18 '12.09.18 1-16 AAA '08.12.18 '12.10.18 1-17 AAA '08.12.18 '12.11.18 1-18 AAA '08.12.18 '14.01.18 1-9 AAA '08.11.24 '11.10.17 1-10 AAA '08.11.24 '11.11.15 1-11 AAA '08.11.24 '11.12.15 1-12 AAA '08.11.24 '12.01.16 1-13 AAA '08.11.24 '12.03.15 1-14 AAA '08.11.24 '12.04.16 1-15 AAA '08.11.24 '12.05.15 1-16 AAA '08.11.24 '12.06.15 1-17 AAA '08.11.24 '12.08.15 1-18 AAA '08.11.24 '12.09.17 1-19 AAA '08.11.24 '12.10.15 1-20 AAA '08.11.24 '12.11.15 1-21 AAA '08.11.24 '13.01.15 1-22 AAA '08.11.24 '13.02.15 1-23 AAA '08.11.24 '14.03.15 1-10 CCC '09.12.28 '11.11.28 1-11 C '09.12.28 '11.12.28 1-1 A- '10.03.30 '12.11.20 1-2 A- '10.03.30 '12.11.20 1-3 A- '10.03.30 '12.11.20 1-16 AAA 10.06.14 11.11.14 1-17 AAA 10.06.14 11.12.14 1-18 AAA 10.06.14 12.01.13 1-19 AAA 10.06.14 12.02.14 1-20 AAA 10.06.14 12.03.14 1-21 AAA 10.06.14 12.06.14 1-22 AAA 10.06.14 12.08.14 1-23 AAA 10.06.14 12.10.12 1-24 AAA 10.06.14 12.12.14 1-18 AAA 10.04.20 11.10.20 1-19 AAA 10.04.20 11.11.18 1-20 AAA 10.04.20 11.12.20 1-21 AAA 10.04.20 12.01.20 1-22 AAA 10.04.20 12.02.20 1-23 AAA 10.04.20 12.03.20 1-24 AAA 10.04.20 12.04.20 1-25 AAA 10.04.20 12.05.18 1-26 AAA 10.04.20 12.06.20 1-27 AAA 10.04.20 12.07.20 1-28 AAA 10.04.20 12.08.20 1-29 AAA 10.04.20 12.09.20 1-30 AAA 10.04.20 12.10.19 1-5 AAA 11.03.11 11.11.11 1-6 AAA 11.03.11 11.12.09 1-7 AAA 11.03.11 12.02.10 1-8 AAA 11.03.11 12.04.11 1-9 AAA 11.03.11 12.06.11 1-10 AAA 11.03.11 12.08.10 1-11 AAA 11.03.11 12.11.09 1-12 AAA 11.03.11 13.01.11 1-13 AAA 11.03.11 13.03.11 1-14 AAA 11.03.11 13.06.11 1-15 AAA 11.03.11 13.11.11 1-16 AAA 11.03.11 14.03.11 1-5 AAA 10.09.27 11.12.27 1-6 AAA 10.09.27 12.03.27 1-7 AAA 10.09.27 12.06.27 1-8 AAA 10.09.27 12.09.27 1-9 AAA 10.09.27 12.12.27 1-10 AAA 10.09.27 13.03.27 1-11 AAA 10.09.27 13.06.27 1-12 AAA 10.09.27 13.09.27 1-20 AAA 10.02.17 11.10.17 1-21 AAA 10.02.17 11.11.17 1-22 AAA 10.02.17 11.12.16 1-23 AAA 10.02.17 12.01.17 1-24 AAA 10.02.17 12.02.17 1-25 AAA 10.02.17 12.03.16 1-26 AAA 10.02.17 12.04.17 1-27 AAA 10.02.17 12.05.17 1-5 AAA 11.03.24 11.11.24 1-6 AAA 11.03.24 11.12.23 1-7 AAA 11.03.24 12.02.24 1-8 AAA 11.03.24 12.04.24 1-9 AAA 11.03.24 12.06.22 1-10 AAA 11.03.24 12.08.24 1-11 AAA 11.03.24 12.11.23 1-12 AAA 11.03.24 13.01.24 1-13 AAA 11.03.24 13.03.22 1-14 AAA 11.03.24 13.06.24 1-15 AAA 11.03.24 13.11.22 1-16 AAA 11.03.24 14.03.24 1-3 AAA 11.08.04 11.11.04 1-4 AAA 11.08.04 11.12.02 1-5 AAA 11.08.04 12.01.04 1-6 AAA 11.08.04 12.02.03 1-7 AAA 11.08.04 12.03.02 1-8 AAA 11.08.04 12.04.04 1-9 AAA 11.08.04 12.05.04 1-10 AAA 11.08.04 12.06.04 1-11 AAA 11.08.04 12.07.04 1-12 AAA 11.08.04 12.08.03 1-13 AAA 11.08.04 12.09.04 1-14 AAA 11.08.04 12.10.04 1-15 AAA 11.08.04 12.11.02 1-16 AAA 11.08.04 12.12.04 1-17 AAA 11.08.04 13.01.04 1-18 AAA 11.08.04 13.02.04 1-9 A 09.06.25 12.09.25 1-3 AAA '10.06.29 '11.12.29 1-4 AAA '10.06.29 '12.06.29 1-5 AAA '10.06.29 '12.12.29 1-6 AAA '10.06.29 '13.06.29 1-1 AA- '11.08.11 '14.04.22
KIS Credit Monitor 2011.10.24100 101 1-1 BBB '08.03.12 '12.01.31 1-1 AAA '08.12.18 '11.12.18 1-2 AAA 09.09.25 12.09.25 1-1 AAA 09.03.27 12.03.27 1-2 AAA 10.09.02 12.03.02 1-3 AAA 10.09.02 12.09.02 1-4 AAA 10.09.02 13.03.02 1-5 AAA 10.09.02 13.09.02 1-6 A- 10.09.02 13.09.02 1-7 BBB+ 10.09.02 13.09.02 1-8 BBB 10.09.02 13.09.02 1-9 BBB- 10.09.02 13.09.02 1-10 BB+ 10.09.02 13.09.02 1-4 AAA 09.09.16 12.03.16 1-5 AAA 09.09.16 12.09.16 1-6 A 09.09.16 12.09.16 1-7 BBB 09.09.16 12.09.16 1-8 BBB- 09.09.16 12.09.16 ABL A 11.06.23 15.04.15 1 AA- 09.07.16 11.12.16 1-10 BB '10.01.04 '13.01.04 1-11 CCC '10.01.04 '13.01.04 1-12 C '10.01.04 '13.01.04 1-11 CCC 09.07.02 12.07.02 1-12 C 09.07.02 12.07.02 1-2 AAA '10.11.12 '11.11.12 1-3 AAA '10.11.12 '12.05.12 1-4 AAA '10.11.12 '12.11.12 1-5 AAA '10.11.12 '13.05.12 1-6 AAA '10.11.12 '13.11.12 1-7 AAA '10.11.12 '14.05.12 1-8 AAA '10.11.12 '14.11.12 1-9 AAA '10.11.12 '15.05.12 1-10 AAA '10.11.12 '15.11.12 1-3 AAA '10.08.19 '12.02.19 1-4 AAA '10.08.19 '12.08.19 1-5 AAA '10.08.19 '13.02.19 1-6 AAA '10.08.19 '13.08.19 1-7 AAA '10.08.19 '14.02.19 1-8 AAA '10.08.19 '14.08.19 1-9 AAA '10.08.19 '15.02.19 1-10 AAA '10.08.19 '15.08.19 1-1 AAA '10.05.25 '12.11.25 1-2 AAA '10.05.25 '13.05.25 1-3 AAA '10.05.25 '13.11.25 1 AA- 09.06.02 12.05.21 1 AA- 11.06.28 14.07.30 ABL A '08.01.30 '13.01.04 ABL A- '08.04.30 '13.09.03 1-5 AAA '10.07.13 '12.01.13 1-6 AAA '10.07.13 '12.07.13 1-7 AAA '10.07.13 '12.10.13 1-8 AAA '10.07.13 '13.01.13 1-9 AAA '10.07.13 '13.04.13 1-1 AAA '11.04.18 '13.03.26 1-1 AAA '08.11.20 '12.10.28 1-2 AAA '08.11.20 '12.11.28 1-3 AAA '08.11.20 '12.12.28 1-4 AAA '08.11.20 '13.01.28 1-10 BB 09.12.16 12.12.16 1-11 B 09.12.16 12.12.16 1-12 CCC 09.12.16 12.12.16 1-1 AAA 11.01.31 13.04.30 1-2 AAA 11.01.31 13.05.31 1-3 AAA 11.01.31 13.06.30 1-4 AAA 11.01.31 13.07.31 1-5 AAA 11.01.31 13.08.31 1-6 AAA 11.01.31 13.09.30 1-7 AAA 11.01.31 13.10.31 1-8 AAA 11.01.31 13.11.30 1-9 A- 11.01.31 13.12.31 1-10 A- 11.01.31 14.01.31 1-1 AAA 10.08.26 14.01.26 1-2 AAA 10.08.26 14.03.26 1-1 AAA 09.05.28 12.10.28 1-2 AAA 09.05.28 12.11.28 1-3 AAA 09.05.28 12.12.28 MBB 2011-1(1) AAA '11.04.28 '13.04.28 (K)MBS 2001-2(1-7) AAA '01.09.20 '15.09.20 (K)MBS 2003-1(1-7) AAA '03.04.02 '13.04.02 (K)MBS 2003-1(1-8) AAA '03.04.02 '15.04.02 (K)MBS 2003-2(1-4) AAA '03.08.04 '13.08.04 (K)MBS 2003-2(1-5) AAA '03.08.04 '15.08.04 (K)MBS 2003-2(1-6) AAA '03.08.04 '18.08.04 MBS 2004-1(1-6) AAA '04.06.15 '14.06.15 MBS 2004-1(1-7) AAA '04.06.15 '16.06.15 MBS 2004-1(1-8) AAA '04.06.15 '19.06.15 MBS 2004-1(1-9) AAA '04.06.15 '24.06.15 MBS 2004-3(1-4) AAA '04.08.18 '14.08.18 MBS 2004-3(1-5) AAA '04.08.18 '19.08.18 MBS 2004-3(1-6) AAA '04.08.18 '24.08.18 MBS 2004-4(1-4) AAA '04.09.23 '14.09.23 MBS 2004-4(1-5) AAA '04.09.23 '19.09.23 MBS 2004-4(1-6) AAA '04.09.23 '24.09.23 MBS 2004-6(1-3) AAA '04.11.30 '11.11.30 MBS 2004-6(1-4) AAA '04.11.30 '14.11.30 MBS 2004-6(1-5) AAA '04.11.30 '19.11.30 MBS 2004-6(1-6) AAA '04.11.30 '24.11.30 MBS 2004-7(1-3) AAA '04.12.28 '11.12.28 MBS 2004-7(1-4) AAA '04.12.28 '14.12.28 MBS 2004-7(1-5) AAA '04.12.28 '19.12.28 MBS 2004-7(1-6) AAA '04.12.28 '24.12.28 MBS 2005-1(1-4) AAA '05.02.24 '15.02.24 MBS 2005-1(1-5) AAA '05.02.24 '20.02.24 MBS 2005-1(1-6) AAA '05.02.24 '25.02.24 MBS 2005-2(1-4) AAA '05.03.23 '15.03.23 MBS 2005-2(1-5) AAA '05.03.23 '20.03.23 MBS 2005-2(1-6) AAA '05.03.23 '25.03.23 MBS 2005-3(1-4) AAA '05.04.28 '15.04.28 MBS 2005-3(1-5) AAA '05.04.28 '20.04.28 MBS 2005-3(1-6) AAA '05.04.28 '25.04.28
MBS 2005-4(1-5) AAA '05.05.25 '12.05.25 MBS 2005-4(1-6) AAA '05.05.25 '15.05.25 MBS 2005-4(1-7) AAA '05.05.25 '20.05.25 MBS 2005-4(1-8) AAA '05.05.25 '25.05.25 MBS 2005-5(1-6) AAA '05.06.27 '15.06.27 MBS 2005-5(1-7) AAA '05.06.27 '20.06.27 MBS 2005-5(1-8) AAA '05.06.27 '25.06.27 MBS 2005-6(1-6) AAA '05.07.27 '15.07.27 MBS 2005-6(1-7) AAA '05.07.27 '20.07.27 MBS 2005-6(1-8) AAA '05.07.27 '25.07.27 MBS 2005-8(1-6) AAA '05.09.29 '15.09.29 MBS 2005-8(1-7) AAA '05.09.29 '20.09.29 MBS 2005-8(1-8) AAA '05.09.29 '25.09.29 MBS 2006-2(1-6) AAA '06.03.30 '16.03.30 MBS 2006-2(1-7) AAA '06.03.30 '21.03.30 MBS 2006-2(1-8) AAA '06.03.30 '26.03.30 MBS 2006-3(1-5) AAA '06.07.14 '13.07.14 MBS 2006-3(1-6) AAA '06.07.14 '16.07.14 MBS 2006-3(1-7) AAA '06.07.14 '21.07.14 MBS 2006-3(1-8) AAA '06.07.14 '26.07.14 MBS 2006-4(1-5) AAA '06.09.26 '13.09.26 MBS 2006-4(1-6) AAA '06.09.26 '16.09.26 MBS 2006-4(1-7) AAA '06.09.26 '21.09.26 MBS 2006-4(1-8) AAA '06.09.26 '26.09.26 MBS 2006-5(1-4) AAA '06.12.15 '11.12.15 MBS 2006-5(1-5) AAA '06.12.15 '13.12.15 MBS 2006-5(1-6) AAA '06.12.15 '16.12.15 MBS 2006-5(1-7) AAA '06.12.15 '21.12.15 MBS 2006-5(1-8) AAA '06.12.15 '26.12.15 MBS 2007-1(1-4) AAA '07.02.21 '12.02.21 MBS 2007-1(1-5) AAA '07.02.21 '14.02.21 MBS 2007-1(1-6) AAA '07.02.21 '17.02.21 MBS 2007-1(1-7) AAA '07.02.21 '22.02.21 MBS 2007-1(1-8) AAA '07.02.21 '27.02.21 MBS 2007-2(1-4) AAA '07.04.24 '12.04.24 MBS 2007-2(1-5) AAA '07.04.24 '14.04.24 MBS 2007-2(1-6) AAA '07.04.24 '17.04.24 MBS 2007-2(1-7) AAA '07.04.24 '22.04.24 MBS 2007-2(1-8) AAA '07.04.24 '27.04.24 MBS 2007-3(1-4) AAA '07.07.11 '12.07.11 MBS 2007-3(1-5) AAA '07.07.11 '14.07.11 MBS 2007-3(1-6) AAA '07.07.11 '17.07.11 MBS 2007-3(1-7) AAA '07.07.11 '22.07.11 MBS 2007-3(1-8) AAA '07.07.11 '27.07.11 MBS 2007-5(1-4) AAA '07.09.20 '12.09.20 MBS 2007-5(1-5) AAA '07.09.20 '14.09.20 MBS 2007-5(1-6) AAA '07.09.20 '17.09.20 MBS 2007-5(1-7) AAA '07.09.20 '22.09.20 MBS 2007-5(1-8) AAA '07.09.20 '27.09.20 MBS 2007-6(1-4) AAA '07.10.25 '12.10.25 MBS 2007-6(1-5) AAA '07.10.25 '14.10.25 MBS 2007-6(1-6) AAA '07.10.25 '17.10.25 MBS 2007-6(1-7) AAA '07.10.25 '22.10.25 MBS 2007-6(1-8) AAA '07.10.25 '27.10.25 MBS 2008-1(1-5) AAA '08.02.26 '15.02.26 MBS 2008-1(1-6) AAA '08.02.26 '18.02.26 MBS 2008-1(1-7) AAA '08.02.26 '23.02.26 MBS 2008-1(1-8) AAA '08.02.26 '28.02.26 MBS 2008-2(1-5) AAA '08.03.07 '15.03.07 MBS 2008-2(1-6) AAA '08.03.07 '18.03.07 MBS 2008-2(1-7) AAA '08.03.07 '23.03.07 MBS 2008-2(1-8) AAA '08.03.07 '28.03.07 MBS 2008-4(1-5) AAA '08.04.15 '15.04.15 MBS 2008-4(1-6) AAA '08.04.15 '18.04.15 MBS 2008-4(1-7) AAA '08.04.15 '23.04.15 MBS 2008-4(1-8) AAA '08.04.15 '28.04.15 MBS 2008-5(1-5) AAA '08.05.06 '15.05.06 MBS 2008-5(1-6) AAA '08.05.06 '18.05.06 MBS 2008-5(1-7) AAA '08.05.06 '23.05.06 MBS 2008-5(1-8) AAA '08.05.06 '28.05.06 MBS 2008-7(1-5) AAA '08.06.13 '15.06.13 MBS 2008-7(1-6) AAA '08.06.13 '18.06.13 MBS 2008-7(1-7) AAA '08.06.13 '23.06.13 MBS 2008-7(1-8) AAA '08.06.13 '28.06.13 MBS 2009-2(1-1) AAA 09.03.30 44.03.30 MBS 2009-3(1-1) AAA 09.04.22 39.10.25 MBS 2009-4(1-3) AAA 09.04.29 12.04.29 MBS 2009-4(1-5) AAA 09.04.29 16.04.29 MBS 2009-4(1-6) AAA 09.04.29 19.04.29 MBS 2009-4(1-7) AAA 09.04.29 24.04.29 MBS 2009-4(1-8) AAA 09.04.29 29.04.29 MBS 2009-4(2-1) BB 09.04.29 30.04.29 MBS 2009-6(1-3) AAA 09.07.07 12.07.07 MBS 2009-6(1-4) AAA 09.07.07 14.07.07 MBS 2009-6(1-5) AAA 09.07.07 16.07.07 MBS 2009-6(1-6) AAA 09.07.07 19.07.07 MBS 2009-6(1-7) AAA 09.07.07 24.07.07 MBS 2009-6(1-8) AAA 09.07.07 29.07.07 MBS 2009-6(2-1) BB 09.07.07 30.07.07 MBS 2009-8(1-3) AAA 09.09.15 12.09.15 MBS 2009-8(1-4) AAA 09.09.15 14.09.15 MBS 2009-8(1-5) AAA 09.09.15 16.09.15 MBS 2009-8(1-6) AAA 09.09.15 19.09.15 MBS 2009-8(1-7) AAA 09.09.15 24.09.15 MBS 2009-8(1-8) AAA 09.09.15 29.09.15 MBS 2009-8(2-1) BB 09.09.15 30.09.15 MBS 2009-10(1-2) AAA 09.10.16 11.10.16 MBS 2009-10(1-3) AAA 09.10.16 12.10.16 MBS 2009-10(1-4) AAA 09.10.16 14.10.16 MBS 2009-10(1-5) AAA 09.10.16 16.10.16 MBS 2009-10(1-6) AAA 09.10.16 19.10.16 MBS 2009-10(1-7) AAA 09.10.16 24.10.16 MBS 2009-10(1-8) AAA 09.10.16 29.10.16 MBS 2009-10(2-1) BB 09.10.16 30.10.16 MBS 2009-11(1-2) AAA 09.11.10 11.11.10 MBS 2009-11(1-3) AAA 09.11.10 12.11.10 MBS 2009-11(1-4) AAA 09.11.10 14.11.10 MBS 2009-11(1-5) AAA 09.11.10 16.11.10 MBS 2009-11(1-6) AAA 09.11.10 19.11.10 MBS 2009-11(1-7) AAA 09.11.10 24.11.10 MBS 2009-11(1-8) AAA 09.11.10 29.11.10 MBS 2009-11(2-1) BB 09.11.10 30.11.10 MBS 2009-13(1-1) AAA 09.12.23 44.12.25 MBS 2009-14(1-2) AAA 09.12.28 11.12.18 MBS 2009-14(1-3) AAA 09.12.28 12.12.18 MBS 2009-14(1-4) AAA 09.12.28 14.12.18 MBS 2009-14(1-5) AAA 09.12.28 16.12.18 MBS 2009-14(1-6) AAA 09.12.28 19.12.18