SINGAPORE (Standard & Poor's) Sept. 26, 2006--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 A/Stable/A-1, local currency --/--/A-1) proposed US$1 billion equivalent global notes. Standard & Poor's issuer credit ratings on Kexim are based on its public policy role as the country'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 also incorporate the strong direct support from the Korean government, including capital injections and provision of loans. Since 1998, Kexim has enjoyed...
Companies mentioned in this report are:
- Export-Import Bank of Korea
Action: New Rating
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Research type: News
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