Moody's gives Kexim bond Aa3

Moody's Investors Service said it assigned an Aa3 rating to the Export-Import Bank of Korea's (Kexim) proposed €750 million bond due May 2013 under the U.S.-registered shelf program. The rating is subject to receipt of final documents.

The outlook is stable.

The rating reflects the high level of support from Korea as a government-controlled policy bank, Moody's said.

The rating also incorporates a high probability that the bank will maintain its strategic importance going forward, the agency said.

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