Export-Import Bank of Korea's Approximately US$500 Million Euro Medium-Term Notes Rated 'A-' Oct 03
- ID: 1871401
- October 2003
- Standard & Poors
SINGAPORE (Standard & Poor's) Oct. 24, 2003--Standard & Poor's Ratings Services today assigned its 'A-' senior unsecured foreign currency debt rating to the Export-Import Bank of Korea's (KEXIM; foreign currency rating 'A-/Stable/A-2'; local currency rating '--/--/A-1') approximately US$500 million Euro Medium-Term Notes due 2008. The notes will be drawn down from KEXIM's US$4 billion Euro Medium-Term Notes Program, also rated 'A-'. Standard & Poor's issuer credit ratings on KEXIM are based on its public policy role as Korea's official export credit agency, providing financial facilities in support of the Korean government's (foreign currency rating 'A-/Stable/A-2'; local currency rating '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 also...
Companies mentioned in this report are:
- Export-Import Bank of Korea
- Korea (Republic of)
Action: New Rating
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Research type: News
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