Export-Import Bank of Korea Feb 01
- ID: 1873176
- February 2001
- Standard & Poors
The rating assigned to the Export-Import Bank of Korea (Kexim) is based on its robust public policy role, particularly in supporting Korea's export-led growth strategy, and its 100% ownership by the Republic of Korea (local currency rating A/Positive/A-1, foreign currency rating BBB/Positive/A-3). Since its establishment in 1976, Kexim has been the government's principal financial agent for the provision of export finance to Korea's exporters and commercial banks. The bank is also responsible for administering two governmental programs, the Economic Development Cooperation Fund (EDCF) and the South and North Korea Cooperation Fund (SNKCF) since 1987 and 1991 respectively. Creditors of Kexim benefit from the Korean government's statutory obligation to maintain its reported equity base positive. While Standard & Poor's views this...
Companies mentioned in this report are:
- Export-Import Bank of Korea
- Korea Development Bank
- Korea (Republic of)
- Industrial Bank of Korea
- Korea Deposit Insurance Corp.
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