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Korea Finance Corp.'s A$2 Billion Debt Issuance Program Assigned 'A' Rating May 11 Product Image

Korea Finance Corp.'s A$2 Billion Debt Issuance Program Assigned 'A' Rating May 11

  • ID: 1784951
  • May 2011
  • Standard & Poors

Abstract
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

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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