Moody's rates Export-Import Bank of Korea notes A3

Moody's Investors Service said it assigned an A3 rating to the Export-Import Bank of Korea's proposed $1 billion equivalent senior unsecured fixed- and floating-rate notes issuance due 2011 and 2013.

The outlook is stable.

Moody's said the bank's ratings are underpinned by the very close link with the Korean Government (A3), such that the baseline risk is effectively the default risk of the government, and its important policy role in supporting the Korean export sector.

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