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Prospect News home > News index > List of issuers E > Headlines for Export-Import Bank of Korea (Kexim) > News item |
S&P rates Kexim draw A
Standard & Poor's said it assigned an A rating to Export-Import Bank of Korea's shelf drawdown of proposed benchmark global dollar-denominated senior unsecured bonds. The rating is subject to final documents.
The ratings are equalized with the long-term credit rating on the government of Korea, reflecting an opinion that the Korean government would provide timely and sufficient extraordinary support to the bank in the event of financial distress, S&P said. The bank plays a critical role as a legally mandated credit agency, the agency said.
The ratings on Kexim also reflect its low profitability, S&P added.
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