S&P rates Kexim notes A+

Standard & Poor’s said it assigned A+ ratings to Export-Import Bank of Korea’s (Kexim) proposed dollar-denominated senior unsecured debt securities.

The securities are issued under Kexim’s U.S. shelf program, S&P said.

The securities will constitute direct, unconditional, unsecured and unsubordinated obligations of the bank, the agency said, and will rank pari passu with all other unsecured and unsubordinated obligations of the bank.

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