SINGAPORE (Standard & Poor's) May 11, 2011--Standard & Poor's Ratings Services today assigned its 'A' senior unsecured long-term foreign currency rating to the A$2 billion debt issuance program of Korea Finance Corp. (KoFC; foreign currency A/Stable/A-1). Standard & Poor's issuer credit ratings on KoFC reflect the corporation's critical policy role as Korea's primary public financial institution and integral link with the government of Korea (foreign currency A/Stable/A-1; local currency A+/Stable/A-1). The ratings also reflect uncertainty regarding KoFC's financial and business risks, given its lack of a track record as a standalone entity, and its future role. KoFC is a spin-off entity from Korea Development Bank (A/Negative/A-1), which is undergoing privatization. KoFC was established on Oct. 28, 2009. The corporation is...
Companies mentioned in this report are:
- Korea Finance Corp.
Action: New Rating
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