Moody's: Industrial Bank of Korea notes A1

Moody's Investors Service said it assigned an A1 rating to Industrial Bank of Korea's proposed dollar-denominated senior unsecured notes to be drawn from its $8 billion global medium-term note program.

The outlook is positive.

Moody's said the ratings incorporate its assessment of a very high probability of government support and the standalone bank financial strength rating of D+, which maps to Baa3 on the long-term scale.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.