Moody's rates Kexim bond Aa3

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

The outlook is stable.

Ratings reflect the high level of support incorporated in the rating, underpinned by the Kexim Act holding the government responsible for its solvency, Moody's said.

Ratings also consider the high probability that the bank will maintain its strategic importance going forward, given the importance of the export sector to the Korean economy, the agency said.

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