Moody's: six Korean institutions views to positive

Moody's Investors Service said it revised the outlook for the foreign currency long-term senior unsecured debt ratings of the following Korean Government-related financial institutions to positive from stable: Export-Import Bank of Korea, Industrial Bank of Korea, Korea Finance Corp., Korea Housing Finance Corp., Korea Development Bank and Korea Student Aid Foundation.

Moody's said the actions follow its revision of the outlook for Korea's sovereign ratings to positive from stable on April 2.

The outlook for the foreign currency long-term senior unsecured debt ratings of the six institutions was revised to positive as Moody's said it expects the government to support these entities in a timely manner, if needed, given their strong linkage with the government.

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