Moody's lifts Kexim, others

Moody's Investors Service said it upgraded the foreign-currency long-term senior unsecured debt ratings of six Korean government-related financial institutions to Aa3 from A1.

The issuers are Export-Import Bank of Korea, Industrial Bank of Korea, Korea Finance Corp., Korea Housing Finance Corp., Korea Development Bank and Korea Student Aid Foundation.

The outlook is stable.

The actions follow the upgrade of Korea's sovereign ratings to Aa3 from A1 on Monday, reflecting the issuer's strong linkage with the government, the agency noted.

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