Korea Development Bank's Proposed Senior Unsecured Samurai Bonds Rated 'A' Oct 11

Standard & Poors, October 2011

Abstract
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
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.

Korea Development Bank

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