Moody's rates Korea Exchange Bank notes A2

Moody's Investors Service said it assigned an A2 rating to Korea Exchange Bank's proposed dollar-denominated senior unsecured notes due 2012, issued under its $4 billion euro medium-term note program.

The outlook is stable.

This rating is subject to receipt of final documents.

The rating incorporates the bank's C- bank financial strength rating, which is underpinned by the bank's long history, modest size and strong franchise in foreign exchange and trade finance, Moody's said.

The rating also considers Moody's assessment that support from the Korean government in a systemic crisis would be very high.

© 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.