Fitch ups Korea banks view to stable

Fitch Ratings said it revised the outlooks of the A+ long-term foreign-currency issuer default ratings belonging to Export-Import Bank of Korea (Kexim), Industrial Bank of Korea, Korea Development Bank, National Agricultural Cooperative Federation and Small Business Corp. to stable from negative.

The outlook of Kexim's and Small Business Corp.'s AA long-term local-currency issuer default ratings also has been revised to stable from negative.

This change is in line with the agency's revision of Korea's outlook to stable from negative noting that the banks all are guaranteed or receive support from the Korean government through legislation, Fitch said.

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