Hyundai Capital Service's Proposed Senior Unsecured U.S. Dollar-Denominated Bonds Rated 'BBB+' Mar 12
- Language: English
- Published: March 2012
MUMBAI (Standard & Poor's) Oct. 4, 2011--Standard & Poor's Ratings Services said today that it has assigned its 'A' rating to Korea Development Bank's (KDB; A/Negative/A-1) proposed senior unsecured samurai bonds. The rating on the unsecured debt is subject to final documentation. KDB intends to use the bond proceeds for repayments of medium- and long-term foreign-currency-denominated debts and the bank's operating activities. The notes will constitute direct, unconditional, unsecured, and unsubordinated obligations of the bank. They will rank pari passu with all other unsecured and unsubordinated obligations of the bank. RELATED CRITERIA AND RESEARCH Bank Rating Analysis Methodology Profile, March 18, 2004 Rating Government-Related Entities: Methodology And Assumptions, Dec. 9, 2010 A Korean-language version of this media release is available...
Companies mentioned in this report are:
- Korea Development Bank
Action: New Rating
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Research type: News
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