Moody's rates Kexim bond Aa3

Moody's Investors Service said it assigned an Aa3 rating to Export-Import Bank of Korea's Mexican peso senior unsecured bond issuance due October 2017.

The outlook is stable.

The high level of support incorporated in the rating is underpinned by the stipulation in the Kexim Act holding the government responsible for solvency, its close affiliation with the government as a government-controlled policy bank and its important policy role in supporting the Korean export sector, the agency said.

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