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Export-Import Bank of Korea's Proposed US$1 Billion Global Notes Rated 'A' Feb 06
Standard & Poors, Feb 2006
Abstract
SINGAPORE (Standard & Poor's) Feb. 6, 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. The global notes will be sold in two tranches: a fixed-rate U.S. dollar tranche maturing in February 2011, and a floating-rate Euro tranche maturing in February 2013. The rating on the unsecured debt is subject to final documentation. Standard & Poor's 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...
Companies mentioned in this report are: Export-Import Bank of Korea,Korea (Republic of)
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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