Korea Development Bank's US$500 Million Global Bond Rated 'BBB+' Nov 01
- ID: 1872354
- November 2001
- Region: Global
- Standard & Poors
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, 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. SHOW LESS READ MORE >