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Export-Import Bank Of Korea's MXN1.2 Bil. Global Floating-Rate Bonds Rated 'A' Jan 08 Product Image

Export-Import Bank Of Korea's MXN1.2 Bil. Global Floating-Rate Bonds Rated 'A' Jan 08

  • Published: January 2008
  • Region: Global
  • Standard & Poors

Abstract
SINGAPORE (Standard & Poor's) Jan. 23, 2008Standard & Poor's Ratings Services today said it has assigned its 'A' senior unsecured foreign currency debt rating to the Export-Import Bank of Korea's (Kexim; foreign currency A/Stable/A-1; local currency --/--/A-1) Mexican peso (MXN) 1.2 billion global floating-rate bonds with coupon rate of TIIE (the leading Mexican interbank rate) plus 30 basis points, maturing Jan. 28, 2013. Standard & Poor's issuer credit ratings on Kexim are based on its public policy role as Korea's official export credit agency. Kexim provides financial facilities in support of the Korean government's (foreign currency A/Stable/A-1; local currency A+/Stable/A-1) export-led growth strategy, and foreign trade and investment policies. The bank is owned and controlled by the government. "The ratings...

Companies mentioned in this report are:
- Export-Import Bank of Korea

Action: New Rating

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- Export-Import Bank of Korea

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