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Export-Import Bank of Korea's Benchmark Global U.S. Dollar Bonds Rated 'A' Sep 11
Standard & Poors, Sep 2011
Abstract
TOKYO (Standard & Poor's) Sept. 8, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'A' rating to Export-Import Bank of Korea's (KEXIM; foreign currency A/Stable/A-1; local currency --/--/A-1) shelf drawdown of proposed benchmark global U.S. dollar senior unsecured bonds. The rating is subject to final documentation on the bonds. The ratings on KEXIM are equalized with the long-term credit rating on the government of Korea (foreign currency A/Stable/A-1; local currency A+/Stable/A-1), reflecting Standard & Poor's opinion that there is an almost certain likelihood that the Korean government would provide timely and sufficient extraordinary support to KEXIM in the event of financial distress. In accordance with our criteria for government-related entities, our rating approach is based on...
Companies mentioned in this report are: Export-Import 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.
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