Moody's rates Korea Exchange Bank notes Baa3

Moody's Investors Service said it assigned a prospective Baa3 rating to Korea Exchange Bank's new $300 million lower Tier II subordinated notes due 2015.

Moody's said the rating is underpinned by the subordinated status of the notes and the bank's moderate capability to service its debt obligations, given its modest financial fundamentals, as reflected in its E+ bank financial strength rating.

The outlook is stable.

© 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.