Fitch rates Kexim notes AA-

Fitch Ratings said it assigned an AA- rating to the Export-Import Bank of Korea’s (Kexim) senior unsecured notes.

The issue size is $400 million and the maturity is five years.

Unlike Kexim’s other typical senior unsecured notes, the proceeds from the notes will be used to extend loans specifically to fund eligible projects that promote the transition to low-carbon and climate resilient growth.

Kexim will annually disclose a list of eligible projects and further information on a selection of projects,

The notes represent direct, unconditional, unsecured and unsubordinated obligations of Kexim and are rated in line with its long-term issuer default rating of AA-.

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