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Korea Development Bank's US$500 Million Global Bond Rated 'BBB+' Nov 01 Product Image

Korea Development Bank's US$500 Million Global Bond Rated 'BBB+' Nov 01

  • ID: 1872354
  • November 2001
  • Region: Global
  • Standard & Poors

FEATURED COMPANIES

  • Industrial Bank of Korea
  • Korea (Republic of)
  • Korea Development Bank
  • MORE

Abstract
SINGAPORE (Standard & Poor's) Nov. 13, 2001--Standard & Poor's today assigned its triple-'B'-plus long-term senior unsecured debt rating to the Korea Development Bank's (KDB) proposed US$500 million, 5.25% semi-annual, fixed-rate global bond due Nov. 16, 2006. The ratings on KDB (foreign currency BBB+/Stable/A-2; local currency --/--/A-1) rest on its policy role for the Korean government (foreign currency BBB+/Stable/A-2; local currency A+/Stable/A-1); namely as the primary governmental financial institution that extends medium- to long-term financial facilities in support of the Korean government's industrial policy objectives. The ratings also incorporate the strong support the Korean government provides to its 100%-owned bank. Taking into account the bank's robust policy role, its size in the economy, the strong government support, and the lack of...

Companies mentioned in this report are:
- Korea Development Bank
- Korea (Republic of)
- Export-Import Bank of Korea
- Industrial Bank of Korea

Action: New Rating

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, READ MORE >

- Korea Development Bank
- Korea (Republic of)
- Export-Import Bank of Korea
- Industrial Bank of Korea

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