SINGAPORE (Standard & Poor's) Nov. 26, 2003--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-2; local currency --/--/A-1) HK$400 million 1.25% Euro Medium-Term Notes due Dec. 2, 2004. The notes will be drawn down from KEXIM's US$4 billion Euro Medium-Term Notes Program, also rated 'A-'. Standard & Poor's issuer credit ratings on KEXIM are based on its public policy role as Korea's official export credit agency, providing financial facilities in support of the Korean government's (foreign currency rating A-/Stable/A-2; local currency rating 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...
Companies mentioned in this report are:
- Export-Import Bank of Korea
- Korea (Republic of)
Action: New Rating
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