On the 1st, Homeplus stated regarding the credit rating downgrade pre-recognition suspicion, "We will sincerely comply with the investigation and inspection currently being conducted by the Financial Supervisory Service."
Homeplus issued a statement that day, saying, "The recognition timing of the credit rating drop and the subsequent corporate rehabilitation application process are as we have explained so far."
It added, "Regarding this matter, we will sincerely answer and clarify during the future investigation and inspection process of the Financial Supervisory Service."
Additionally, it stated, "We will do our best to normalize Homeplus through the rehabilitation process and ensure that all creditors, including those related to the purchase debt securitization, can be repaid based on this."
Earlier, MBK noted that it had been preparing to apply for rehabilitation since the short-term credit rating was downgraded to 'A3-' on Feb. 28. However, the FSS reports that it recognized the possibility of a downgrade earlier than this.
On this day, Ham Yong-il, the head of the capital markets and accounting division at the FSS, said in a briefing, "There is a possibility that MBK recognized the potential for a credit rating downgrade, the corporate rehabilitation application process, and timing at least before the dates that MBK mentioned," adding, "The process is about determining whether they recognized it and still issued bonds such as transfer bonds."