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Export-Import Bank of Korea's Benchmark-Size Global U.S. Dollar Bonds Rated 'A' Jul 09
Standard & Poors, July 2009
Abstract
TOKYO (Standard & Poor's) July 7, 2009--Standard & Poor's Ratings Services said today that it had assigned its 'A' rating to Export-Import Bank of Korea's (Kexim; foreign currency A/Stable/A-1; local currency --/--/A-1) proposed benchmark-size global U.S. dollar senior unsecured bonds. The rating is subject to the final documentation on the bonds. Standard & Poor's issuer credit ratings on Kexim are based on the bank's public policy role as Korea's official export credit agency. Kexim provides financial facilities in support of the export-led growth strategy of the government of Korea (foreign currency A/Stable/A-1; local currency A+/Stable/A-1), as well as its foreign trade and investment policies. The bank is owned and controlled by the government. The ratings also incorporate strong direct support...
Companies mentioned in this report are: Export-Import Bank of Korea
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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