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Prospect News home > News index > List of issuers E > Headlines for Export-Import Bank of Korea (Kexim) > News item |
Moody's rates Kexim debt Aa3
Moody's Investors Service said it assigned an Aa3 rating to The Export-Import Bank of Korea's proposed $300 million senior unsecured debt issuance due 2009 under its registered shelf program.
The outlook is stable.
The ratings incorporate Moody's rating methodology for government-related issuers, reflecting Korea's local-currency's deposit ceiling Aa1, high dependence and high support.
Kexim's Aa3 debt rating pierces Korea's country ceiling for foreign-currency debt and is determined by Kexim's local-currency rating, Korea's A3 foreign-currency government bond rating, Korea's A1 country ceiling for bonds and the debt's eligibility to pierce the ceiling, Moody's said.
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