Moody's rates Kexim notes A1

Moody's Investors Service said it assigned an A1 rating to the Export-Import Bank of Korea's (Kexim) proposed dollar-denominated senior unsecured notes under its U.S. shelf program. The maturity is not finalized yet.

The outlook is stable.

The ratings reflect its status as a government-related issuer, Moody's said.

The rating also considers the combination of its baseline credit assessment of 7 and the A1 sovereign bond rating of Korea as systemic support indicator, along with the bank's high dependence and high support, the agency said.

The rating also incorporates the high probability that it will maintain this strategic importance, given the importance of the export sector to the Korean economy, Moody's added.

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